Menard County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Menard County, TX Benchmarks

FHA averages

Typical Property Value$75,000

Average Down Payment3.5%

Average Interest Rate7.125%

Effective Tax Rate1.13%

Median Tax Paid$2,111/yr

Tax Growth (Historical)+17.2%

Based on 1 regional loans totaling $75,000 (HMDA database).

Home Price

Down Payment

$2,625 down · $72,375 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$71 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$34 / month

Estimated Monthly Payment

$751/mo

Principal & Interest$496
Property Tax$71
Home Insurance$150
FHA MIP$34

Amortization · Remaining Balance

Financed Loan Amount

$73,642

Total Interest

$105,057

Total of Payments

$178,699

*Includes financed FHA Upfront MIP of $1,267

Local Market Insights

Menard County FHA Mortgage Overview

Menard County’s FHA market is tailored for first-time buyers. The 3.50% down payment on a $75,000 property means an accessible entry point, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan due to the 96.50% LTV ratio. With a 7.125% rate and a 1.13% effective property tax rate—up 17.2% due to inflation—monthly affordability is squeezed. When using an FHA loan down payment analysis in Menard County, Texas, factor in that MIP never drops, making it ideal for buyers with sub-620 credit. All data reflects owner-occupied homes, 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.