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Briscoe County FHA Loan Calculator

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

Loan Details

Briscoe County, TX Benchmarks

FHA averages
Typical Property Value$195,000
Average Down Payment3.5%
Average Interest Rate6.750%
Effective Tax Rate0.74%
Median Tax Paid$981/yr
Tax Growth (Historical)+5.9%
Based on 1 regional loans totaling $195,000 (HMDA database).
$
%

$6,825 down · $188,175 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$120 / month

$

Annual premium

$

Per month

%

$88 / month

Estimated Monthly Payment

$1,600/mo

  • Principal & Interest$1,242
  • Property Tax$120
  • Home Insurance$150
  • FHA MIP$88
Amortization · Remaining Balance

Financed Loan Amount

$191,468

Total Interest

$255,601

Total of Payments

$447,069

*Includes financed FHA Upfront MIP of $3,293

Local Market Insights

Briscoe County FHA Mortgage Overview

In Briscoe County, the 3.50% down payment on a $195,000 FHA loan offers accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life—ideal for buyers with sub-620 credit. The 96.50% loan-to-value ratio confirms minimal equity, locking in MIP. The 0.74% property tax rate, adjusted 5.9% higher for inflation, adds roughly $120 monthly to true affordability. This data reflects 100% owner-occupied purchases, not investments. For those exploring an FHA loan with PMI and taxes in Briscoe County, Texas, understanding these permanent MIP costs and tax shifts is critical for budgeting.

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.