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Wise County FHA Loan Calculator

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

Loan Details

Wise County, TX Benchmarks

FHA averages
Typical Property Value$341,307
Average Down Payment5.0%
Average Interest Rate5.640%
Effective Tax Rate1.09%
Median Tax Paid$3,466/yr
Tax Growth (Historical)+2.1%
Based on 761 regional loans totaling $247,265,000 (HMDA database).
$
%

$17,065 down · $324,242 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$310 / month

$

Annual premium

$

Per month

%

$137 / month

Estimated Monthly Payment

$2,500/mo

  • Principal & Interest$1,902
  • Property Tax$310
  • Home Insurance$150
  • FHA MIP$137
Amortization · Remaining Balance

Financed Loan Amount

$329,916

Total Interest

$354,915

Total of Payments

$684,831

*Includes financed FHA Upfront MIP of $5,674

Local Market Insights

Wise County FHA Mortgage Overview

For Wise County homebuyers, the 5.00% FHA down payment on a $341,307 average property offers accessible entry but mandates Mortgage Insurance Premiums (MIP) for the loan’s life, regardless of equity. With a 95.00% Loan-to-Value (LTV) ratio and 100% primary occupancy, this data reflects standard owner-occupied purchases, ideal for those with sub-620 credit. The 1.09% effective property tax rate, with a 2.1% inflation-adjusted increase, adds $310 monthly to true affordability. When evaluating an FHA loan with PMI and taxes in Wise County, TX, remember the MIP is permanent, making long-term cost analysis critical for your Wise County FHA mortgage planning.

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.