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Marion County FHA Loan Calculator

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

Loan Details

Marion County, TX Benchmarks

FHA averages
Typical Property Value$261,000
Average Down Payment7.5%
Average Interest Rate6.125%
Effective Tax Rate0.90%
Median Tax Paid$749/yr
Tax Growth (Historical)-16.5%
Based on 5 regional loans totaling $1,185,000 (HMDA database).
$
%

$19,575 down · $241,425 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$196 / month

$

Annual premium

$

Per month

%

$102 / month

Estimated Monthly Payment

$1,941/mo

  • Principal & Interest$1,493
  • Property Tax$196
  • Home Insurance$150
  • FHA MIP$102
Amortization · Remaining Balance

Financed Loan Amount

$245,650

Total Interest

$291,970

Total of Payments

$537,620

*Includes financed FHA Upfront MIP of $4,225

Local Market Insights

Marion County FHA Mortgage Overview

For Marion County homebuyers, the 7.54% weighted average down payment on FHA loans provides accessible entry, though it requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, ideal for those with sub-620 credit. With a 92.46% LTV ratio and 100% owner-occupied purchases, this reflects standard primary residences. The 0.90% effective property tax rate, combined with a -16.5% inflation-adjusted tax decrease, eases monthly affordability. When exploring an FHA loan with PMI and taxes in Marion County, TX, or Marion County loan limits, this lower tax burden offsets the permanent MIP cost, making the FHA mortgage with property taxes more 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.