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Texas County FHA Loan Calculator

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

Loan Details

Texas County, MO Benchmarks

FHA averages
Typical Property Value$198,699
Average Down Payment14.3%
Average Interest Rate6.487%
Effective Tax Rate0.44%
Median Tax Paid$713/yr
Tax Growth (Historical)+6.1%
Based on 73 regional loans totaling $11,645,000 (HMDA database).
$
%

$28,414 down · $170,285 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$73 / month

$

Annual premium

$

Per month

%

$72 / month

Estimated Monthly Payment

$1,389/mo

  • Principal & Interest$1,094
  • Property Tax$73
  • Home Insurance$150
  • FHA MIP$72
Amortization · Remaining Balance

Financed Loan Amount

$173,265

Total Interest

$220,580

Total of Payments

$393,845

*Includes financed FHA Upfront MIP of $2,980

Local Market Insights

Texas County FHA Mortgage Overview

For Texas County, MO homebuyers, the 14.30% average down payment on an FHA loan provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life, even with this equity. The 85.70% loan-to-value (LTV) ratio and 100% owner-occupancy rate confirm this is a primary residence market, ideal for those with sub-620 credit. With an effective property tax rate of 0.44% and a recent 6.1% inflation-adjusted tax increase, monthly affordability is impacted. When evaluating an FHA loan with PMI and taxes in Texas County, MO, or considering FHA loan limits and property taxes, this data shows a lower-cost entry point offset by permanent MIP and rising tax burdens.

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.