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Andrews County FHA Loan Calculator

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

Loan Details

Andrews County, TX Benchmarks

FHA averages
Typical Property Value$303,880
Average Down Payment3.7%
Average Interest Rate6.615%
Effective Tax Rate1.13%
Median Tax Paid$2,509/yr
Tax Growth (Historical)-2.6%
Based on 126 regional loans totaling $36,390,000 (HMDA database).
$
%

$11,244 down · $292,636 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$286 / month

$

Annual premium

$

Per month

%

$136 / month

Estimated Monthly Payment

$2,478/mo

  • Principal & Interest$1,906
  • Property Tax$286
  • Home Insurance$150
  • FHA MIP$136
Amortization · Remaining Balance

Financed Loan Amount

$297,758

Total Interest

$388,255

Total of Payments

$686,012

*Includes financed FHA Upfront MIP of $5,121

Local Market Insights

Andrews County FHA Mortgage Overview

For Andrews County homebuyers, the 3.70% weighted average down payment on FHA loans provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for those with sub-620 credit scores. With a 96.30% loan-to-value ratio and 100% primary occupancy, this data reflects standard owner-occupied purchases. The effective 1.13% property tax rate, coupled with a -2.6% inflation-adjusted tax decrease, slightly improves monthly affordability for an FHA loan with PMI and taxes in Andrews County, TX. Understanding Andrews County FHA loan limits and tax calculator parameters helps buyers budget effectively for this market.

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.