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Grayson County FHA Loan Calculator

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

Loan Details
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

Grayson County, TX Benchmarks

FHA averages
Typical Property Value$299,202
Average Down Payment4.9%
Average Interest Rate5.933%
Effective Tax Rate1.23%
$
%

$14,661 down · $284,541 financed

Estimated Monthly Payment

$2,312/mo

  • Principal & Interest$1,723
  • Property Tax$307
  • Home Insurance$150
  • FHA MIP$133
Amortization · Remaining Balance

Financed Loan Amount

$289,521

Total Interest

$330,692

Total of Payments

$620,213

*Includes financed FHA Upfront MIP of $4,979

Local Market Insights

Grayson County FHA Mortgage Overview

Grayson County’s FHA market is defined by accessible entry and fixed costs. With a weighted average down payment of just 4.94% and a 95.06% loan-to-value ratio, buyers secure financing with minimal upfront cash. However, FHA mandates lifetime Mortgage Insurance Premiums (MIP), an ongoing cost regardless of equity buildup. The 5.933% average interest rate and 1.23% effective property tax rate, further adjusted upward by 3.3% due to inflation, directly impact monthly affordability. For those using a Grayson County FHA mortgage tool with property taxes, the combined tax and MIP burden is critical to model. All data reflects owner-occupied primary residences, not investments, reinforcing a stable, low-risk profile for local homebuyers.

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.