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Newton County FHA Loan Calculator

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

Loan Details

Newton County, TX Benchmarks

FHA averages
Typical Property Value$236,739
Average Down Payment4.7%
Average Interest Rate6.595%
Effective Tax Rate0.87%
Median Tax Paid$846/yr
Tax Growth (Historical)-4.1%
Based on 23 regional loans totaling $5,185,000 (HMDA database).
$
%

$11,127 down · $225,612 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$172 / month

$

Annual premium

$

Per month

%

$105 / month

Estimated Monthly Payment

$1,891/mo

  • Principal & Interest$1,465
  • Property Tax$172
  • Home Insurance$150
  • FHA MIP$105
Amortization · Remaining Balance

Financed Loan Amount

$229,560

Total Interest

$297,693

Total of Payments

$527,253

*Includes financed FHA Upfront MIP of $3,948

Local Market Insights

Newton County FHA Mortgage Overview

Newton County’s FHA market offers exceptional entry with a 4.74% down payment on a $236,739 average property, though mandatory MIP applies for the loan’s life regardless of equity. The 95.26% LTV and 100% owner-occupancy confirm standard homebuyers seeking accessible financing. At a 0.87% effective tax rate and a -4.1% inflation-adjusted tax decline, monthly affordability improves slightly. For a Newton County FHA loan with PMI and taxes, this low down payment suits buyers with sub-620 credit, while the tax relief eases long-term costs for primary residences.

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.