Wharton County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Wharton County, TX Benchmarks

FHA averages

Typical Property Value$228,788

Average Down Payment5.2%

Average Interest Rate6.030%

Effective Tax Rate1.31%

Median Tax Paid$2,881/yr

Tax Growth (Historical)+1.7%

Based on 133 regional loans totaling $29,155,000 (HMDA database).

Home Price

Down Payment

$11,897 down · $216,891 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$250 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$92 / month

Estimated Monthly Payment

$1,819/mo

Principal & Interest$1,327
Property Tax$250
Home Insurance$150
FHA MIP$92

Amortization · Remaining Balance

Financed Loan Amount

$220,687

Total Interest

$257,173

Total of Payments

$477,859

*Includes financed FHA Upfront MIP of $3,796

Local Market Insights

Wharton County FHA Mortgage Overview

Wharton County homebuyers utilizing FHA financing benefit from a low 5.18% down payment on a $228,788 average property, providing accessible entry. However, with a 94.82% LTV, mandatory Mortgage Insurance Premiums (MIP) are required for the loan's life. The effective 1.31% property tax rate, adjusted upward 1.7% for inflation, significantly impacts monthly affordability. For those evaluating an FHA loan with PMI and taxes in Wharton County, TX, understanding this permanent MIP is crucial. This data, reflecting 100% owner-occupied purchases, highlights a market where lower initial cash outlay trades off against long-term carrying 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.