Coryell County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Coryell County, TX Benchmarks

FHA averages

Typical Property Value$233,213

Average Down Payment4.7%

Average Interest Rate6.273%

Effective Tax Rate1.00%

Median Tax Paid$2,654/yr

Tax Growth (Historical)+2.6%

Based on 207 regional loans totaling $45,735,000 (HMDA database).

Home Price

Down Payment

$10,961 down · $222,252 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

$194 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$104 / month

Estimated Monthly Payment

$1,843/mo

Principal & Interest$1,395
Property Tax$194
Home Insurance$150
FHA MIP$104

Amortization · Remaining Balance

Financed Loan Amount

$226,141

Total Interest

$276,179

Total of Payments

$502,320

*Includes financed FHA Upfront MIP of $3,889

Local Market Insights

Coryell County FHA Mortgage Overview

In Coryell County, the typical FHA buyer puts down just 4.71%, reflecting the program's accessible entry point for owner-occupants. With a 95.29% loan-to-value ratio, you are financing nearly the entire $233,213 home value. However, this low down payment triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, a key factor for any FHA loan calculator with PMI and taxes in Coryell County, TX. The effective 1.00% property tax rate, recently adjusted 2.6% for inflation, adds roughly $2,332 annually to your true monthly affordability. When evaluating Coryell County FHA loan limits and tax considerations, the permanent MIP requirement makes this structure ideal for buyers with sub-620 credit seeking stable financing.

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.