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Hale County FHA Loan Calculator

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

Loan Details

Hale County, TX Benchmarks

FHA averages
Typical Property Value$183,500
Average Down Payment4.8%
Average Interest Rate6.455%
Effective Tax Rate1.30%
Median Tax Paid$1,525/yr
Tax Growth (Historical)+0.6%
Based on 80 regional loans totaling $14,000,000 (HMDA database).
$
%

$8,808 down · $174,692 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$199 / month

$

Annual premium

$

Per month

%

$81 / month

Estimated Monthly Payment

$1,549/mo

  • Principal & Interest$1,119
  • Property Tax$199
  • Home Insurance$150
  • FHA MIP$81
Amortization · Remaining Balance

Financed Loan Amount

$177,749

Total Interest

$225,027

Total of Payments

$402,776

*Includes financed FHA Upfront MIP of $3,057

Local Market Insights

Hale County FHA Mortgage Overview

For Hale County homebuyers, an FHA loan with a 4.83% down payment and a 95.17% loan-to-value ratio offers accessible entry, but mandates Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for those with sub-620 credit. The 1.30% effective property tax rate, adjusted upward by 0.6% for inflation, adds roughly $199 monthly to an FHA mortgage payment with PMI and taxes. This combination means true affordability hinges on factoring MIP and rising tax costs into your budget, especially given 100% owner-occupancy here.

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.