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Dimmit County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Dimmit County, TX Benchmarks

FHA averages
Typical Property Value$218,846
Average Down Payment3.4%
Average Interest Rate6.324%
Effective Tax Rate0.82%
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FHA loans require a minimum 3.5% down payment.

Estimated Monthly Payment

$1,732/mo

  • Principal & Interest$1,334
  • Property Tax$150
  • Home Insurance$150
  • FHA MIP$99
Amortization · Remaining Balance

Financed Loan Amount

$215,105

Total Interest

$265,224

Total of Payments

$480,329

*Includes financed FHA Upfront MIP of $3,700

Local Market Insights

Dimmit County FHA Mortgage Overview

Dimmit County’s FHA market shows a 3.44% down payment, providing accessible entry for buyers, but with a 96.56% LTV, mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life. The 0.82% effective property tax rate, coupled with a 29.4% inflation-adjusted increase, significantly impacts monthly affordability. When evaluating an FHA loan with PMI and taxes in Dimmit County, TX, buyers should note that MIP is permanent, unlike conventional loans. This data, reflecting 100% owner-occupied homes, highlights a market where low down payments offset higher long-term carrying costs from taxes and insurance.

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.