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Gregg County FHA Loan Calculator

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

Loan Details

Gregg County, TX Benchmarks

FHA averages
Typical Property Value$247,208
Average Down Payment5.3%
Average Interest Rate6.379%
Effective Tax Rate1.16%
Median Tax Paid$2,368/yr
Tax Growth (Historical)+1.1%
Based on 395 regional loans totaling $91,525,000 (HMDA database).
$
%

$13,102 down · $234,106 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$239 / month

$

Annual premium

$

Per month

%

$99 / month

Estimated Monthly Payment

$1,975/mo

  • Principal & Interest$1,487
  • Property Tax$239
  • Home Insurance$150
  • FHA MIP$99
Amortization · Remaining Balance

Financed Loan Amount

$238,203

Total Interest

$297,065

Total of Payments

$535,268

*Includes financed FHA Upfront MIP of $4,097

Local Market Insights

Gregg County FHA Mortgage Overview

For Gregg County homebuyers leveraging an FHA loan, the 5.27% down payment on a $247,208 average property provides accessible entry. However, with a 94.73% LTV, mandatory Mortgage Insurance Premiums (MIP) are required for the loan's life, making this ideal for those with sub-620 credit. The 1.16% effective property tax rate, adjusted upward by 1.1% for inflation, adds roughly $239 monthly to true affordability. When using an FHA loan calculator with PMI and taxes in Gregg County, TX, these fixed costs are critical. Understanding Gregg County FHA loan limits and tax calculator inputs helps frame total monthly obligations 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.