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Terry County FHA Loan Calculator

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

Loan Details

Terry County, TX Benchmarks

FHA averages
Typical Property Value$164,615
Average Down Payment3.6%
Average Interest Rate6.444%
Effective Tax Rate1.45%
Median Tax Paid$1,779/yr
Tax Growth (Historical)+4.9%
Based on 26 regional loans totaling $4,100,000 (HMDA database).
$
%

$5,926 down · $158,689 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$199 / month

$

Annual premium

$

Per month

%

$74 / month

Estimated Monthly Payment

$1,437/mo

  • Principal & Interest$1,014
  • Property Tax$199
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$161,466

Total Interest

$203,650

Total of Payments

$365,116

*Includes financed FHA Upfront MIP of $2,777

Local Market Insights

Terry County FHA Mortgage Overview

FHA loans in Terry County offer a highly accessible entry point with a 3.62% weighted average down payment, allowing buyers to purchase near the $164,615 average property value. However, the 96.38% LTV ratio means mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan, a key factor when using an FHA loan calculator with PMI and taxes in Terry County, TX. The effective 1.45% property tax rate, combined with a 4.9% inflation-adjusted increase, significantly impacts monthly affordability. For those seeking an FHA loan down payment calculator in Terry County, Texas, this data underscores that lower upfront costs are offset by permanent MIP and rising tax burdens. All 100% of buyers are owner-occupants, reinforcing that this data reflects standard homeownership rather than investment strategies.

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.