Lee County FHA Loan Calculator

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

Loan Details

Baseline

Rates

Taxes & Ins.

DTI

US County (Smart Autofill)

Loan Type

Credit Score (FICO)

Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Lee County, TX Benchmarks

FHA averages

Typical Property Value$304,063

Average Down Payment4.2%

Average Interest Rate6.391%

Effective Tax Rate0.88%

Home Price

Down Payment

$12,771 down · $291,292 financed

Estimated Monthly Payment

$2,361/mo

Principal & Interest$1,852
Property Tax$223
Home Insurance$150
FHA MIP$136

Amortization · Remaining Balance

Financed Loan Amount

$296,390

Total Interest

$370,329

Total of Payments

$666,719

*Includes financed FHA Upfront MIP of $5,098

Local Market Insights

Lee County FHA Mortgage Overview

For Lee County homebuyers using an FHA loan, the 4.23% weighted average down payment provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) are required for the loan's life due to the 95.77% loan-to-value ratio. This FHA structure is ideal for those with sub-620 credit scores seeking an FHA loan calculator with PMI and taxes in Lee County, TX. The effective property tax rate of 0.88%, coupled with a recent 4.5% inflation-adjusted tax increase, directly impacts monthly affordability. With 100% primary occupancy, all data reflects standard owner-occupied purchases, not investments.

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.