Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Texas>Galveston County (FHA)

Galveston County FHA Loan Calculator

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

Loan Details

Galveston County, TX Benchmarks

FHA averages
Typical Property Value$320,030
Average Down Payment5.0%
Average Interest Rate5.850%
Effective Tax Rate1.40%
Median Tax Paid$4,442/yr
Tax Growth (Historical)+1.7%
Based on 1,842 regional loans totaling $561,610,000 (HMDA database).
$
%

$16,002 down · $304,029 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$373 / month

$

Annual premium

$

Per month

%

$129 / month

Estimated Monthly Payment

$2,477/mo

  • Principal & Interest$1,825
  • Property Tax$373
  • Home Insurance$150
  • FHA MIP$129
Amortization · Remaining Balance

Financed Loan Amount

$309,349

Total Interest

$347,642

Total of Payments

$656,991

*Includes financed FHA Upfront MIP of $5,320

Local Market Insights

Galveston County FHA Mortgage Overview

In Galveston County, the average FHA borrower puts just 4.98% down on a $320,030 home, with a 95.02% loan-to-value ratio. This low entry point is ideal for first-time buyers or those with sub-620 credit, but remember FHA mortgage insurance premiums (MIP) are required for the life of the loan. The 1.40% effective property tax rate, adjusted upward by 1.7% for inflation, significantly impacts monthly affordability—adding roughly $373 per month in taxes alone. When using an FHA loan calculator with PMI and taxes in Galveston County, TX, this tax burden plus mandatory MIP means your true monthly cost is higher than the interest rate alone suggests.

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.