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Schleicher County FHA Loan Calculator

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

Loan Details

Schleicher County, TX Benchmarks

FHA averages
Typical Property Value$215,000
Average Down Payment1.2%
Average Interest Rate6.938%
Effective Tax Rate1.06%
Median Tax Paid$1,532/yr
Tax Growth (Historical)-8.3%
Based on 2 regional loans totaling $430,000 (HMDA database).
$
%

$2,580 down · $212,420 financed

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

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$190 / month

$

Annual premium

$

Per month

%

$99 / month

Estimated Monthly Payment

$1,868/mo

  • Principal & Interest$1,429
  • Property Tax$190
  • Home Insurance$150
  • FHA MIP$99
Amortization · Remaining Balance

Financed Loan Amount

$216,137

Total Interest

$298,399

Total of Payments

$514,537

*Includes financed FHA Upfront MIP of $3,717

Local Market Insights

Schleicher County FHA Mortgage Overview

Schleicher County’s FHA market reveals a highly accessible entry point. The 1.16% weighted average down payment, paired with a 98.84% LTV, allows buyers with limited savings to purchase a $215,000 home. However, this low equity means mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s entire life, a crucial factor for those considering an FHA loan with PMI and taxes in Schleicher County, TX. The effective 1.06% property tax rate, combined with a recent -8.3% inflation-adjusted decline, provides slight monthly relief. For buyers evaluating Schleicher County FHA loan limits and tax scenarios, this tax reduction improves true affordability, though the permanent MIP remains a key cost in this high-LTV, owner-occupied market.

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.