Mason County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Mason 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

Mason County, TX Benchmarks

FHA averages

Typical Property Value$231,667

Average Down Payment2.4%

Average Interest Rate6.792%

Effective Tax Rate0.64%

Home Price

Down Payment

FHA loans require a minimum 3.5% down payment.

Estimated Monthly Payment

$1,877/mo

Principal & Interest$1,498
Property Tax$124
Home Insurance$150
FHA MIP$105

Amortization · Remaining Balance

Financed Loan Amount

$230,064

Total Interest

$309,328

Total of Payments

$539,392

*Includes financed FHA Upfront MIP of $3,957

Local Market Insights

Mason County FHA Mortgage Overview

In Mason County, the typical FHA homebuyer is leveraging a 2.38% down payment on an average property value of $231,667. With a 97.62% loan-to-value ratio, this entry point is highly accessible but carries mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, ideal for those with sub-620 credit. The effective 0.64% property tax rate and a recent 6.6% inflation-adjusted tax increase add to monthly costs. When evaluating an FHA loan with PMI and taxes in Mason County, TX, or assessing Mason County FHA loan limits and tax impacts, remember the 6.792% interest rate further shapes true affordability for this 100% owner-occupied 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.