Nueces County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Nueces County, TX Benchmarks

FHA averages

Typical Property Value$272,149

Average Down Payment3.9%

Average Interest Rate5.778%

Effective Tax Rate1.40%

Median Tax Paid$3,330/yr

Tax Growth (Historical)-1.2%

Based on 1,466 regional loans totaling $385,350,000 (HMDA database).

Home Price

Down Payment

$10,614 down · $261,535 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

$318 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$122 / month

Estimated Monthly Payment

$2,148/mo

Principal & Interest$1,558
Property Tax$318
Home Insurance$150
FHA MIP$122

Amortization · Remaining Balance

Financed Loan Amount

$266,112

Total Interest

$294,780

Total of Payments

$560,892

*Includes financed FHA Upfront MIP of $4,577

Local Market Insights

Nueces County FHA Mortgage Overview

Nueces County FHA buyers are leveraging a remarkably low 3.93% down payment, granting accessible entry despite the 5.778% interest rate. With a 96.07% LTV, mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, a trade-off ideal for sub-620 credit profiles. The 1.40% effective tax rate, recently adjusted -1.2% for inflation, slightly offsets monthly costs. This data, reflecting 100% primary residences, shows how an FHA loan with PMI and taxes in Nueces County, Texas, prioritizes low upfront cash over long-term MIP expense.

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.