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Martin County FHA Loan Calculator

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

Loan Details

Martin County, TX Benchmarks

FHA averages
Typical Property Value$315,417
Average Down Payment4.0%
Average Interest Rate6.586%
Effective Tax Rate0.72%
Median Tax Paid$1,587/yr
Tax Growth (Historical)+7.4%
Based on 24 regional loans totaling $7,220,000 (HMDA database).
$
%

$12,617 down · $302,800 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$189 / month

$

Annual premium

$

Per month

%

$141 / month

Estimated Monthly Payment

$2,446/mo

  • Principal & Interest$1,966
  • Property Tax$189
  • Home Insurance$150
  • FHA MIP$141
Amortization · Remaining Balance

Financed Loan Amount

$308,099

Total Interest

$399,541

Total of Payments

$707,641

*Includes financed FHA Upfront MIP of $5,299

Local Market Insights

Martin County FHA Mortgage Overview

For Martin County homebuyers, the 3.97% FHA down payment offers accessible entry, but mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of equity buildup. With a 96.03% loan-to-value ratio and 100% primary occupancy, this data reflects standard owner-occupied purchases, not investments. The 0.72% property tax rate, paired with a 7.4% inflation-adjusted tax increase, meaningfully impacts monthly affordability. When evaluating an FHA loan with PMI and taxes in Martin County, TX, consider that the low down payment structure is ideal for buyers with sub-620 credit, though the MIP persists permanently.

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.