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Coke County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Coke County, TX Benchmarks

FHA averages
Typical Property Value$179,286
Average Down Payment4.3%
Average Interest Rate6.646%
Effective Tax Rate0.94%
$
%

$7,709 down · $171,577 financed

Estimated Monthly Payment

$1,491/mo

  • Principal & Interest$1,121
  • Property Tax$140
  • Home Insurance$150
  • FHA MIP$80
Amortization · Remaining Balance

Financed Loan Amount

$174,579

Total Interest

$228,886

Total of Payments

$403,466

*Includes financed FHA Upfront MIP of $3,003

Local Market Insights

Coke County FHA Mortgage Overview

For Coke County homebuyers, an FHA loan’s 4.34% down payment on a $179,286 property requires just $7,780 upfront, offering accessible entry. However, the 95.66% LTV ratio means mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for those with sub-620 credit seeking primary residences. The 0.94% effective property tax rate, adjusted down 0.7% for inflation, keeps monthly costs stable, making this market affordable when using an FHA mortgage with property taxes. Note the $1,685 annual tax impact when evaluating an FHA loan with PMI and taxes in Coke County, TX.

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.