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Knox County FHA Loan Calculator

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

Loan Details

Knox County, TX Benchmarks

FHA averages
Typical Property Value$95,000
Average Down Payment0.0%
Average Interest Rate6.542%
Effective Tax Rate1.54%
Median Tax Paid$1,237/yr
Tax Growth (Historical)-3.5%
Based on 3 regional loans totaling $285,000 (HMDA database).
$
%

$0 down · $95,000 financed

FHA loans require a minimum of 3.5% down payment (or matching dollar amount).

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$122 / month

$

Annual premium

$

Per month

%

$44 / month

Estimated Monthly Payment

$930/mo

  • Principal & Interest$614
  • Property Tax$122
  • Home Insurance$150
  • FHA MIP$44
Amortization · Remaining Balance

Financed Loan Amount

$96,663

Total Interest

$124,204

Total of Payments

$220,866

*Includes financed FHA Upfront MIP of $1,663

Local Market Insights

Knox County FHA Mortgage Overview

Knox County’s FHA market is defined by near-zero entry costs, with a 0.02% down payment and a 99.98% loan-to-value ratio. This provides accessible homeownership for buyers with lower credit scores, but mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan. The effective property tax rate of 1.54% on the $95,000 average value, combined with a 3.5% inflation-adjusted tax reduction, lowers monthly costs slightly. For those using a Knox County FHA loan with PMI and taxes, this data highlights a low barrier to entry but requires factoring in permanent MIP when assessing total affordability. All 100% of purchases are owner-occupied, reflecting a stable, non-investment market.

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.