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Hopkins County FHA Loan Calculator

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

Loan Details

Hopkins County, TX Benchmarks

FHA averages
Typical Property Value$271,338
Average Down Payment4.5%
Average Interest Rate6.592%
Effective Tax Rate0.68%
Median Tax Paid$2,221/yr
Tax Growth (Historical)+4.0%
Based on 71 regional loans totaling $18,285,000 (HMDA database).
$
%

$12,210 down · $259,128 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$154 / month

$

Annual premium

$

Per month

%

$121 / month

Estimated Monthly Payment

$2,107/mo

  • Principal & Interest$1,682
  • Property Tax$154
  • Home Insurance$150
  • FHA MIP$121
Amortization · Remaining Balance

Financed Loan Amount

$263,663

Total Interest

$341,916

Total of Payments

$605,579

*Includes financed FHA Upfront MIP of $4,535

Local Market Insights

Hopkins County FHA Mortgage Overview

For Hopkins County homebuyers, the 4.54% weighted down payment on an FHA loan provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for those with sub-620 credit. With a high 95.46% loan-to-value ratio and 100% primary occupancy, this market favors owner-occupants. The effective property tax rate of 0.68% and a recent 4.0% inflation-adjusted tax shift modestly increase monthly costs. When evaluating an FHA loan with PMI and taxes in Hopkins County, TX, the low down payment and tax burden keep true affordability manageable.

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.