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Reeves County Conventional Mortgage Calculator

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

Loan Details

Reeves County, TX Benchmarks

Conventional averages
Typical Property Value$236,486
Average Down Payment16.7%
Average Interest Rate7.451%
Effective Tax Rate0.97%
Median Tax Paid$1,271/yr
Tax Growth (Historical)-8.2%
Based on 74 regional loans totaling $12,740,000 (HMDA database).
$
%

$39,493 down · $196,993 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$191 / month

$

Annual premium

$

Per month

%

$82 / month

Estimated Monthly Payment

$1,794/mo

  • Principal & Interest$1,371
  • Property Tax$191
  • Home Insurance$150
  • PMI$82
Amortization · Remaining Balance

Loan Amount

$196,993

Total Interest

$296,446

Total of Payments

$493,439

Local Market Insights

Reeves County Conventional Mortgage Overview

In Reeves County, the conventional loan market reflects buyers with strong credit profiles, as the 16.68% average down payment requires significant equity. This higher down payment helps avoid Private Mortgage Insurance (PMI), while the 83.32% median loan-to-value (LTV) ratio means you are already close to the 20% equity threshold needed to cancel PMI. With a 0.97% effective property tax rate and an inflation-adjusted tax decrease of -8.2%, monthly affordability improves for primary residences. When using a conventional mortgage calculator with PMI and taxes in Reeves County, Texas, this tax relief offsets the 7.451% average interest rate, reducing your true monthly cost.

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.