Anderson County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Anderson County, TX Benchmarks

FHA averages

Typical Property Value$239,854

Average Down Payment5.5%

Average Interest Rate6.426%

Effective Tax Rate0.91%

Median Tax Paid$1,702/yr

Tax Growth (Historical)-2.2%

Based on 103 regional loans totaling $23,195,000 (HMDA database).

Home Price

Down Payment

$13,192 down · $226,662 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

$182 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$96 / month

Estimated Monthly Payment

$1,875/mo

Principal & Interest$1,447
Property Tax$182
Home Insurance$150
FHA MIP$96

Amortization · Remaining Balance

Financed Loan Amount

$230,629

Total Interest

$290,338

Total of Payments

$520,966

*Includes financed FHA Upfront MIP of $3,967

Local Market Insights

Anderson County FHA Mortgage Overview

For Anderson County homebuyers, the 5.46% average down payment on an FHA loan provides accessible entry, but the 94.54% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—ideal if you have a sub-620 credit score. With a 6.426% rate on a $239,854 property, the 0.91% effective tax rate adds $182 monthly. However, the recent -2.2% inflation-adjusted tax change slightly offsets this burden, improving true monthly affordability for those using an FHA loan down payment with PMI and taxes in Anderson County, TX. All 100% of buyers are purchasing as primary residences.

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.