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Tarrant County FHA Loan Calculator

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

Loan Details

Tarrant County, TX Benchmarks

FHA averages
Typical Property Value$332,237
Average Down Payment4.5%
Average Interest Rate5.895%
Effective Tax Rate1.54%
Median Tax Paid$5,334/yr
Tax Growth (Historical)-0.7%
Based on 7,478 regional loans totaling $2,376,320,000 (HMDA database).
$
%

$14,951 down · $317,286 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$426 / month

$

Annual premium

$

Per month

%

$148 / month

Estimated Monthly Payment

$2,637/mo

  • Principal & Interest$1,913
  • Property Tax$426
  • Home Insurance$150
  • FHA MIP$148
Amortization · Remaining Balance

Financed Loan Amount

$322,839

Total Interest

$365,773

Total of Payments

$688,612

*Includes financed FHA Upfront MIP of $5,553

Local Market Insights

Tarrant County FHA Mortgage Overview

In Tarrant County, the typical FHA buyer secures a home valued at $332,237 with a minimal 4.51% down payment. This low barrier to entry is offset by the 95.49% LTV ratio, which triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—a key factor for any FHA loan down payment assessment. With the effective property tax rate at 1.54% and a recent inflation-adjusted decline of -0.7%, monthly affordability is slightly improved. All data reflects 100% owner-occupied purchases, emphasizing that this market favors first-time or credit-recovering buyers using FHA financing with PMI and taxes.

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.