Gillespie County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Gillespie County, TX Benchmarks

FHA averages

Typical Property Value$329,675

Average Down Payment4.4%

Average Interest Rate5.213%

Effective Tax Rate0.83%

Median Tax Paid$4,496/yr

Tax Growth (Historical)-1.0%

Based on 77 regional loans totaling $24,465,000 (HMDA database).

Home Price

Down Payment

$14,506 down · $315,169 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$228 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$147 / month

Estimated Monthly Payment

$2,288/mo

Principal & Interest$1,763
Property Tax$228
Home Insurance$150
FHA MIP$147

Amortization · Remaining Balance

Financed Loan Amount

$320,685

Total Interest

$313,958

Total of Payments

$634,643

*Includes financed FHA Upfront MIP of $5,515

Local Market Insights

Gillespie County FHA Mortgage Overview

Gillespie County’s FHA market reveals accessible entry via a 4.38% down payment on a $329,675 average property, ideal for buyers with sub-620 credit. However, the 95.62% LTV ratio triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s life. The 0.83% effective tax rate, with a recent -1.0% inflation-adjusted decrease, slightly lowers monthly costs. For those exploring an FHA loan with PMI and taxes in Gillespie County, TX, or assessing down payment options, this data confirms primary-occupancy purchases dominate, ensuring stable tax impacts for owner-buyers.

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.