El Paso County FHA Loan Calculator

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

Loan Details

Baseline

Rates

Taxes & Ins.

DTI

US County (Smart Autofill)

Loan Type

Credit Score (FICO)

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

El Paso County, TX Benchmarks

FHA averages

Typical Property Value$264,296

Average Down Payment4.1%

Average Interest Rate6.162%

Effective Tax Rate1.80%

Home Price

Down Payment

$10,836 down · $253,460 financed

Estimated Monthly Payment

$2,237/mo

Principal & Interest$1,573
Property Tax$396
Home Insurance$150
FHA MIP$118

Amortization · Remaining Balance

Financed Loan Amount

$257,895

Total Interest

$308,328

Total of Payments

$566,223

*Includes financed FHA Upfront MIP of $4,436

Local Market Insights

El Paso County FHA Mortgage Overview

El Paso County’s FHA market offers exceptional entry for owner-occupants, with a weighted 4.08% down payment and a 95.92% loan-to-value ratio. At a 6.162% average rate, this low barrier is ideal for buyers with sub-620 credit, but note FHA MIP is mandatory for the loan’s life. The 1.80% effective property tax rate, adjusted upward by 1.7% for inflation, adds roughly $4,750 annually to true monthly affordability. When evaluating an El Paso County FHA loan with PMI and taxes, this tax shift meaningfully impacts long-term cost projections, particularly for first-time buyers using FHA loan down payment strategies in the region.

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.