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Freestone County FHA Loan Calculator

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

Loan Details

Freestone County, TX Benchmarks

FHA averages
Typical Property Value$253,667
Average Down Payment3.4%
Average Interest Rate6.554%
Effective Tax Rate0.98%
Median Tax Paid$1,580/yr
Tax Growth (Historical)-10.1%
Based on 45 regional loans totaling $11,045,000 (HMDA database).
$
%

$8,625 down · $245,042 financed

FHA loans require a minimum of 3.5% down payment (or matching dollar amount).

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$207 / month

$

Annual premium

$

Per month

%

$114 / month

Estimated Monthly Payment

$2,056/mo

  • Principal & Interest$1,584
  • Property Tax$207
  • Home Insurance$150
  • FHA MIP$114
Amortization · Remaining Balance

Financed Loan Amount

$249,331

Total Interest

$320,962

Total of Payments

$570,293

*Includes financed FHA Upfront MIP of $4,288

Local Market Insights

Freestone County FHA Mortgage Overview

Freestone County's FHA market offers exceptional accessibility with a 3.42% down payment, requiring just $8,675 on the average $253,667 property. However, this high 96.58% LTV triggers mandatory Mortgage Insurance Premiums for the loan's full life, ideal for buyers with sub-620 credit scores. The effective 0.98% property tax rate is manageable, and the recent -10.1% inflation-adjusted tax change provides notable monthly savings. For accurate budgeting with FHA loan PMI and taxes in Freestone County, TX, these factors create a low-entry but long-term cost profile for owner-occupants.

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.