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Starr County FHA Loan Calculator

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

Loan Details

Starr County, TX Benchmarks

FHA averages
Typical Property Value$252,563
Average Down Payment6.0%
Average Interest Rate6.336%
Effective Tax Rate1.22%
Median Tax Paid$1,083/yr
Tax Growth (Historical)+0.3%
Based on 119 regional loans totaling $28,055,000 (HMDA database).
$
%

$15,154 down · $237,409 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$257 / month

$

Annual premium

$

Per month

%

$101 / month

Estimated Monthly Payment

$2,009/mo

  • Principal & Interest$1,502
  • Property Tax$257
  • Home Insurance$150
  • FHA MIP$101
Amortization · Remaining Balance

Financed Loan Amount

$241,564

Total Interest

$298,983

Total of Payments

$540,547

*Includes financed FHA Upfront MIP of $4,155

Local Market Insights

Starr County FHA Mortgage Overview

For Starr County homebuyers, the 5.99% weighted average down payment on FHA loans provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for those with sub-620 credit scores. With a 94.01% median loan-to-value ratio and 100% primary occupancy, this data reflects standard owner-occupied purchases. The 1.22% effective property tax rate, plus a 0.3% inflation-adjusted increase, directly impacts monthly affordability. When evaluating Starr County FHA loan limits and tax calculators, remember that FHA loan down payment calculators in Starr County, Texas, must account for both MIP and property taxes to reflect true costs.

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.