Scurry County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Scurry County, TX Benchmarks

FHA averages

Typical Property Value$203,491

Average Down Payment4.3%

Average Interest Rate6.510%

Effective Tax Rate1.36%

Median Tax Paid$1,445/yr

Tax Growth (Historical)-20.4%

Based on 53 regional loans totaling $10,245,000 (HMDA database).

Home Price

Down Payment

$8,750 down · $194,741 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

$231 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$91 / month

Estimated Monthly Payment

$1,725/mo

Principal & Interest$1,254
Property Tax$231
Home Insurance$150
FHA MIP$91

Amortization · Remaining Balance

Financed Loan Amount

$198,149

Total Interest

$253,197

Total of Payments

$451,346

*Includes financed FHA Upfront MIP of $3,408

Local Market Insights

Scurry County FHA Mortgage Overview

In Scurry County, the typical FHA buyer secures a home with a 4.28% down payment, reflecting accessible entry for owner-occupants. However, with a 95.72% Loan-to-Value ratio, the mandatory Mortgage Insurance Premium (MIP) applies for the loan's life, making this ideal for those with sub-620 credit. The local 1.36% property tax rate, combined with a significant -20.4% inflation-adjusted tax reduction, improves monthly affordability. When evaluating an FHA loan with PMI and taxes in Scurry County, TX, this lower tax burden offsets the permanent MIP cost, easing the overall payment.

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.