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Shackelford County FHA Loan Calculator

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

Loan Details

Shackelford County, TX Benchmarks

FHA averages
Typical Property Value$212,500
Average Down Payment9.5%
Average Interest Rate6.372%
Effective Tax Rate1.20%
Median Tax Paid$2,004/yr
Tax Growth (Historical)-14.6%
Based on 4 regional loans totaling $770,000 (HMDA database).
$
%

$20,188 down · $192,313 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$213 / month

$

Annual premium

$

Per month

%

$82 / month

Estimated Monthly Payment

$1,664/mo

  • Principal & Interest$1,220
  • Property Tax$213
  • Home Insurance$150
  • FHA MIP$82
Amortization · Remaining Balance

Financed Loan Amount

$195,678

Total Interest

$243,571

Total of Payments

$439,249

*Includes financed FHA Upfront MIP of $3,365

Local Market Insights

Shackelford County FHA Mortgage Overview

In Shackelford County, the 9.51% average down payment on FHA loans provides accessible entry for owner-occupants, though the 90.49% LTV ratio means mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life—ideal for buyers with sub-620 credit. The 6.372% rate and 1.20% property tax rate, combined with a -14.6% inflation-adjusted tax decrease, improve true monthly affordability. For any FHA mortgage with property taxes here, the low down payment reduces upfront cash, but the permanent MIP impacts long-term costs. Understanding Shackelford County FHA loan limits and tax impacts is crucial for accurate budgeting.

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.