Reagan County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Reagan County, TX Benchmarks

FHA averages

Typical Property Value$147,000

Average Down Payment6.1%

Average Interest Rate6.542%

Effective Tax Rate0.86%

Median Tax Paid$1,579/yr

Tax Growth (Historical)-16.1%

Based on 5 regional loans totaling $685,000 (HMDA database).

Home Price

Down Payment

$8,967 down · $138,033 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

$105 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$59 / month

Estimated Monthly Payment

$1,205/mo

Principal & Interest$891
Property Tax$105
Home Insurance$150
FHA MIP$59

Amortization · Remaining Balance

Financed Loan Amount

$140,449

Total Interest

$180,466

Total of Payments

$320,914

*Includes financed FHA Upfront MIP of $2,416

Local Market Insights

Reagan County FHA Mortgage Overview

For Reagan County homebuyers, the 6.06% average down payment on an FHA loan provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 93.94% LTV. This data reflects 100% owner-occupied purchases, ideal for those with sub-620 credit seeking an FHA loan with PMI and taxes. The 0.86% effective property tax rate, combined with a -16.1% inflation-adjusted tax shift, reduces true monthly costs, improving affordability when using an FHA mortgage with property taxes or evaluating Reagan County FHA loan limits.

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.