Collin County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Collin County, TX Benchmarks

FHA averages

Typical Property Value$367,557

Average Down Payment5.1%

Average Interest Rate5.241%

Effective Tax Rate1.48%

Median Tax Paid$7,521/yr

Tax Growth (Historical)-1.8%

Based on 5,011 regional loans totaling $1,756,855,000 (HMDA database).

Home Price

Down Payment

$18,745 down · $348,812 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$453 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$148 / month

Estimated Monthly Payment

$2,709/mo

Principal & Interest$1,958
Property Tax$453
Home Insurance$150
FHA MIP$148

Amortization · Remaining Balance

Financed Loan Amount

$354,916

Total Interest

$349,842

Total of Payments

$704,758

*Includes financed FHA Upfront MIP of $6,104

Local Market Insights

Collin County FHA Mortgage Overview

For Collin County homebuyers using an FHA loan, the 5.12% down payment provides accessible entry, but the 94.88% LTV means mandatory MIP lasts the loan's life, ideal for those with sub-620 credit. With a 1.48% effective tax rate and a -1.8% inflation-adjusted decrease, true monthly affordability improves slightly. When evaluating an FHA loan with PMI and taxes in Collin County, TX, or exploring Collin County FHA loan limits and tax considerations, note that the average property value of $367,557.40 and 5.241% rate create a stable, owner-occupied market.

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.