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Childress County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Childress County, Texas based on real HMDA transaction records.

Loan Details

Childress County, TX Benchmarks

FHA averages
Typical Property Value$160,000
Average Down Payment10.8%
Average Interest Rate6.781%
Effective Tax Rate1.40%
Median Tax Paid$1,496/yr
Tax Growth (Historical)-14.3%
Based on 4 regional loans totaling $560,000 (HMDA database).
$
%

$17,280 down · $142,720 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$187 / month

$

Annual premium

$

Per month

%

$61 / month

Estimated Monthly Payment

$1,342/mo

  • Principal & Interest$945
  • Property Tax$187
  • Home Insurance$150
  • FHA MIP$61
Amortization · Remaining Balance

Financed Loan Amount

$145,218

Total Interest

$194,902

Total of Payments

$340,119

*Includes financed FHA Upfront MIP of $2,498

Local Market Insights

Childress County FHA Mortgage Overview

In Childress County, the typical FHA buyer puts down 10.84% on a $160,000 home, requiring mandatory Mortgage Insurance Premiums (MIP) for the loan’s life due to the 89.16% loan-to-value ratio. This makes FHA financing accessible for buyers with sub-620 credit, but the MIP is a permanent cost. The 1.40% effective property tax rate, combined with a recent -14.3% inflation-adjusted tax decrease, slightly lowers monthly affordability. For accurate budgeting, consider an FHA loan down payment analysis with PMI and taxes in Childress County, Texas, and review local FHA loan limits and tax impacts to gauge true monthly costs.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.