Hidalgo County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Hidalgo County, TX Benchmarks

FHA averages

Typical Property Value$269,400

Average Down Payment5.0%

Average Interest Rate6.291%

Effective Tax Rate1.63%

Median Tax Paid$2,279/yr

Tax Growth (Historical)+1.1%

Based on 3,059 regional loans totaling $779,875,000 (HMDA database).

Home Price

Down Payment

$13,470 down · $255,930 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

$366 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$109 / month

Estimated Monthly Payment

$2,235/mo

Principal & Interest$1,610
Property Tax$366
Home Insurance$150
FHA MIP$109

Amortization · Remaining Balance

Financed Loan Amount

$260,409

Total Interest

$319,250

Total of Payments

$579,658

*Includes financed FHA Upfront MIP of $4,479

Local Market Insights

Hidalgo County FHA Mortgage Overview

In Hidalgo County, the dominant FHA loan choice, with a 4.95% down payment and a 95.05% loan-to-value ratio, provides accessible entry for owner-occupants. However, this low equity position mandates Mortgage Insurance Premiums (MIP) for the life of the loan, a critical cost in any FHA loan with PMI and taxes in Hidalgo County, TX. The effective 1.63% property tax rate, adjusted upward by 1.1% for inflation, significantly impacts true monthly affordability. For a typical $269,400 property, the tax burden adds roughly $366 monthly, making an FHA mortgage calculator with property taxes essential for accurate budgeting. This data reflects standard homebuyers, not investors, underscoring the market's reliance on low-down-payment financing.

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.