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Clay County Conventional Mortgage Calculator

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

Loan Details

Clay County, TX Benchmarks

Conventional averages
Typical Property Value$277,137
Average Down Payment27.7%
Average Interest Rate6.859%
Effective Tax Rate1.01%
Median Tax Paid$2,182/yr
Tax Growth (Historical)-3.5%
Based on 117 regional loans totaling $18,905,000 (HMDA database).
$
%

$76,767 down · $200,370 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$233 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,698/mo

  • Principal & Interest$1,314
  • Property Tax$233
  • Home Insurance$150
Amortization · Remaining Balance

Loan Amount

$200,370

Total Interest

$272,771

Total of Payments

$473,141

Local Market Insights

Clay County Conventional Mortgage Overview

In Clay County, the 27.68% average down payment for Conventional loans significantly exceeds the 20% threshold, allowing buyers to avoid Private Mortgage Insurance (PMI) from the start. With a median Loan-to-Value (LTV) of 72.32%, these owner-occupants already hold strong equity, improving their risk profile. The 1.01% effective property tax rate, combined with a -3.5% inflation-adjusted tax decrease, reduces monthly carrying costs. For those exploring a Conventional loan with taxes in Clay County, TX, this lower tax burden enhances affordability despite the 6.859% interest rate. This data is ideal for a Conventional mortgage with PMI and taxes in Clay County, Texas, as most buyers skip PMI entirely, focusing instead on the average down payment for a Conventional loan in Clay County.

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.