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Colorado County FHA Loan Calculator

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

Loan Details

Colorado County, TX Benchmarks

FHA averages
Typical Property Value$286,250
Average Down Payment6.3%
Average Interest Rate6.385%
Effective Tax Rate0.77%
Median Tax Paid$2,204/yr
Tax Growth (Historical)+1.0%
Based on 24 regional loans totaling $6,360,000 (HMDA database).
$
%

$18,034 down · $268,216 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$184 / month

$

Annual premium

$

Per month

%

$114 / month

Estimated Monthly Payment

$2,151/mo

  • Principal & Interest$1,703
  • Property Tax$184
  • Home Insurance$150
  • FHA MIP$114
Amortization · Remaining Balance

Financed Loan Amount

$272,910

Total Interest

$340,349

Total of Payments

$613,259

*Includes financed FHA Upfront MIP of $4,694

Local Market Insights

Colorado County FHA Mortgage Overview

For Colorado County, TX, the FHA loan data reveals an accessible market for owner-occupants. The 6.27% average down payment provides a low barrier to entry, but note that Mortgage Insurance Premiums (MIP) are required for the life of the loan due to the 93.73% LTV ratio. This is ideal for buyers with sub-620 credit scores. The 0.77% effective property tax rate, with a 1.0% inflation-adjusted increase, adds a predictable monthly cost. When evaluating an FHA mortgage with property taxes in Colorado County, TX, the average $286,250 property value and 6.385% rate define your affordability. This data, reflecting 100% primary residences, confirms standard homebuyer patterns.

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.