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Erath County FHA Loan Calculator

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

Loan Details

Erath County, TX Benchmarks

FHA averages
Typical Property Value$316,646
Average Down Payment7.6%
Average Interest Rate6.609%
Effective Tax Rate0.88%
Median Tax Paid$2,887/yr
Tax Growth (Historical)-1.3%
Based on 79 regional loans totaling $22,505,000 (HMDA database).
$
%

$24,065 down · $292,581 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$232 / month

$

Annual premium

$

Per month

%

$124 / month

Estimated Monthly Payment

$2,410/mo

  • Principal & Interest$1,903
  • Property Tax$232
  • Home Insurance$150
  • FHA MIP$124
Amortization · Remaining Balance

Financed Loan Amount

$297,701

Total Interest

$387,473

Total of Payments

$685,174

*Includes financed FHA Upfront MIP of $5,120

Local Market Insights

Erath County FHA Mortgage Overview

Erath County FHA buyers benefit from the 7.64% average down payment, providing accessible entry with a 92.36% LTV. However, this low equity means mandatory Mortgage Insurance Premiums (MIP) remain for the loan's life, ideal for those with sub-620 credit. The 0.88% effective property tax rate, combined with a -1.3% inflation-adjusted decrease, slightly improves monthly affordability. For an Erath County FHA mortgage with property taxes, this data confirms a stable, owner-occupied market (100% primary residence) where lower upfront cash is prioritized over long-term MIP costs.

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.