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Deaf Smith County FHA Loan Calculator

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

Loan Details

Deaf Smith County, TX Benchmarks

FHA averages
Typical Property Value$239,219
Average Down Payment4.2%
Average Interest Rate6.430%
Effective Tax Rate1.45%
Median Tax Paid$1,801/yr
Tax Growth (Historical)+9.9%
Based on 64 regional loans totaling $14,650,000 (HMDA database).
$
%

$10,047 down · $229,172 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$289 / month

$

Annual premium

$

Per month

%

$107 / month

Estimated Monthly Payment

$2,009/mo

  • Principal & Interest$1,463
  • Property Tax$289
  • Home Insurance$150
  • FHA MIP$107
Amortization · Remaining Balance

Financed Loan Amount

$233,182

Total Interest

$293,553

Total of Payments

$526,735

*Includes financed FHA Upfront MIP of $4,011

Local Market Insights

Deaf Smith County FHA Mortgage Overview

For Deaf Smith County homebuyers, the FHA loan’s 4.15% down payment provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life due to the 95.85% loan-to-value ratio. This makes it ideal for those with sub-620 credit. The 1.45% property tax rate, adjusted upward by 9.9% for inflation, significantly impacts monthly affordability, so any Deaf Smith County FHA loan analysis with PMI and taxes must account for this rising cost. Understanding Deaf Smith County FHA loan limits and tax implications is crucial for budgeting.

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.