Runnels County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Runnels County, TX Benchmarks

FHA averages

Typical Property Value$172,619

Average Down Payment3.2%

Average Interest Rate6.797%

Effective Tax Rate1.38%

Median Tax Paid$1,498/yr

Tax Growth (Historical)-4.3%

Based on 22 regional loans totaling $3,690,000 (HMDA database).

Home Price

Down Payment

$5,524 down · $167,095 financed

FHA loans require a minimum of 3.5% down payment (or matching dollar amount).

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

$199 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$78 / month

Estimated Monthly Payment

$1,535/mo

Principal & Interest$1,108
Property Tax$199
Home Insurance$150
FHA MIP$78

Amortization · Remaining Balance

Financed Loan Amount

$170,019

Total Interest

$229,004

Total of Payments

$399,024

*Includes financed FHA Upfront MIP of $2,924

Local Market Insights

Runnels County FHA Mortgage Overview

For Runnels County homebuyers, the 3.16% average down payment on an FHA loan provides accessible entry, but the accompanying 96.84% Loan-to-Value (LTV) ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the loan's life, regardless of equity. This makes the FHA loan calculator with PMI and taxes in Runnels County, TX, essential for true monthly cost projections. The 1.38% effective property tax rate, combined with a recent -4.3% inflation-adjusted decline, offers slight relief on carrying costs. As 100% of these loans are for primary residences, this data reflects owner-occupants using an FHA mortgage calculator with property taxes to budget for long-term affordability.

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.