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Ochiltree County FHA Loan Calculator

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

Loan Details

Ochiltree County, TX Benchmarks

FHA averages
Typical Property Value$155,333
Average Down Payment4.4%
Average Interest Rate6.562%
Effective Tax Rate1.44%
Median Tax Paid$1,906/yr
Tax Growth (Historical)-3.9%
Based on 30 regional loans totaling $4,400,000 (HMDA database).
$
%

$6,835 down · $148,498 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$186 / month

$

Annual premium

$

Per month

%

$69 / month

Estimated Monthly Payment

$1,367/mo

  • Principal & Interest$961
  • Property Tax$186
  • Home Insurance$150
  • FHA MIP$69
Amortization · Remaining Balance

Financed Loan Amount

$151,097

Total Interest

$194,865

Total of Payments

$345,962

*Includes financed FHA Upfront MIP of $2,599

Local Market Insights

Ochiltree County FHA Mortgage Overview

For Ochiltree County homebuyers, an FHA loan with a 4.44% down payment on an average property value of $155,333 requires a low upfront cost but mandates Mortgage Insurance Premiums (MIP) for the loan’s entire life, regardless of equity. The 95.56% Loan-to-Value ratio confirms this is a high-LTV, accessible entry point ideal for those with sub-620 credit scores. While the effective property tax rate of 1.44% adds $186 monthly, the recent -3.9% inflation-adjusted tax change offers slight relief, improving true monthly affordability for Ochiltree County FHA mortgage analysis.

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.