Jim Hogg County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Jim Hogg County, TX Benchmarks

FHA averages

Typical Property Value$260,000

Average Down Payment9.2%

Average Interest Rate6.748%

Effective Tax Rate1.34%

Median Tax Paid$1,258/yr

Tax Growth (Historical)-31.2%

Based on 6 regional loans totaling $1,410,000 (HMDA database).

Home Price

Down Payment

$23,920 down · $236,080 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

$290 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$100 / month

Estimated Monthly Payment

$2,098/mo

Principal & Interest$1,558
Property Tax$290
Home Insurance$150
FHA MIP$100

Amortization · Remaining Balance

Financed Loan Amount

$240,211

Total Interest

$320,671

Total of Payments

$560,882

*Includes financed FHA Upfront MIP of $4,131

Local Market Insights

Jim Hogg County FHA Mortgage Overview

In Jim Hogg County, the 9.19% average down payment on an FHA loan provides accessible entry for primary residence buyers, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life due to the 90.81% loan-to-value ratio. This is ideal for those with sub-620 credit scores. The 1.34% effective property tax rate, combined with a significant -31.2% inflation-adjusted tax decline, reduces monthly carrying costs. When evaluating an FHA loan with PMI and taxes in Jim Hogg County, TX, the lower tax burden offsets some MIP expense, improving true affordability 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.