Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Texas>Cooke County (FHA)

Cooke County FHA Loan Calculator

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

Loan Details

Cooke County, TX Benchmarks

FHA averages
Typical Property Value$325,067
Average Down Payment5.1%
Average Interest Rate5.907%
Effective Tax Rate1.06%
Median Tax Paid$2,864/yr
Tax Growth (Historical)-0.6%
Based on 149 regional loans totaling $46,055,000 (HMDA database).
$
%

$16,578 down · $308,489 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$287 / month

$

Annual premium

$

Per month

%

$131 / month

Estimated Monthly Payment

$2,432/mo

  • Principal & Interest$1,864
  • Property Tax$287
  • Home Insurance$150
  • FHA MIP$131
Amortization · Remaining Balance

Financed Loan Amount

$313,887

Total Interest

$357,077

Total of Payments

$670,964

*Includes financed FHA Upfront MIP of $5,399

Local Market Insights

Cooke County FHA Mortgage Overview

For Cooke County homebuyers, the 5.13% weighted down payment on an FHA loan provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life regardless of equity. With a 94.87% median loan-to-value ratio, this data reflects 100% primary residences, not investments. The 1.06% effective property tax rate, with a recent -0.6% inflation-adjusted tax shift, offers slight monthly relief. When using an FHA loan calculator with PMI and taxes in Cooke County, TX, or examining Cooke County FHA loan limits and tax calculators, remember this low down payment path suits sub-620 credit scores but locks in permanent MIP, impacting long-term affordability.

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.