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Tom Green County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Tom Green County, TX Benchmarks

FHA averages
Typical Property Value$249,199
Average Down Payment3.3%
Average Interest Rate6.593%
Effective Tax Rate1.29%
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FHA loans require a minimum 3.5% down payment.

Estimated Monthly Payment

$2,095/mo

  • Principal & Interest$1,564
  • Property Tax$268
  • Home Insurance$150
  • FHA MIP$112
Amortization · Remaining Balance

Financed Loan Amount

$245,193

Total Interest

$317,964

Total of Payments

$563,157

*Includes financed FHA Upfront MIP of $4,217

Local Market Insights

Tom Green County FHA Mortgage Overview

Tom Green County’s FHA market is built for accessible entry. With a 3.25% down payment and a 96.75% loan-to-value ratio, buyers can purchase the average $249,199 home with minimal upfront cash. However, this low down payment triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, a key factor when using an FHA loan with PMI and taxes in Tom Green County, TX. The 1.29% effective property tax rate, combined with a recent -2.6% inflation-adjusted tax decrease, slightly eases monthly affordability. This data reflects 100% owner-occupied purchases, ideal for those seeking an FHA down payment in Tom Green County, Texas, while recognizing MIP is permanent here.

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.