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Red River County FHA Loan Calculator

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

Loan Details

Red River County, TX Benchmarks

FHA averages
Typical Property Value$199,500
Average Down Payment4.3%
Average Interest Rate6.334%
Effective Tax Rate0.74%
Median Tax Paid$1,224/yr
Tax Growth (Historical)-9.8%
Based on 20 regional loans totaling $3,690,000 (HMDA database).
$
%

$8,579 down · $190,922 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$123 / month

$

Annual premium

$

Per month

%

$89 / month

Estimated Monthly Payment

$1,568/mo

  • Principal & Interest$1,206
  • Property Tax$123
  • Home Insurance$150
  • FHA MIP$89
Amortization · Remaining Balance

Financed Loan Amount

$194,263

Total Interest

$239,982

Total of Payments

$434,244

*Includes financed FHA Upfront MIP of $3,341

Local Market Insights

Red River County FHA Mortgage Overview

In Red River County, the FHA loan data reveals a market designed for accessible entry. The 4.31% weighted average down payment, paired with a 95.69% loan-to-value ratio, confirms buyers are using FHA's low barrier to entry. However, this structure mandates Mortgage Insurance Premiums (MIP) for the life of the loan, a critical factor when evaluating an FHA loan calculator with PMI and taxes in Red River County, TX. The effective property tax rate of 0.74% is manageable, and the -9.8% inflation-adjusted tax change offers slight relief to monthly affordability. For those using an FHA loan down payment calculator in Red River County, Texas, this data confirms a primary residence market (100% occupancy) where the lower down payment is the key trade-off for permanent MIP.

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.