Burnet County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Burnet County, TX Benchmarks

FHA averages

Typical Property Value$318,699

Average Down Payment6.9%

Average Interest Rate5.612%

Effective Tax Rate0.94%

Median Tax Paid$3,639/yr

Tax Growth (Historical)+1.0%

Based on 246 regional loans totaling $72,480,000 (HMDA database).

Home Price

Down Payment

$21,990 down · $296,709 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

$250 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$126 / month

Estimated Monthly Payment

$2,260/mo

Principal & Interest$1,735
Property Tax$250
Home Insurance$150
FHA MIP$126

Amortization · Remaining Balance

Financed Loan Amount

$301,901

Total Interest

$322,719

Total of Payments

$624,620

*Includes financed FHA Upfront MIP of $5,192

Local Market Insights

Burnet County FHA Mortgage Overview

For Burnet County homebuyers, the 6.92% average down payment on FHA loans highlights an accessible entry point, though it mandates Mortgage Insurance Premiums (MIP) for the loan’s full term—ideal for those with sub-620 credit scores. With a 93.08% loan-to-value ratio and 100% owner-occupancy, this market favors primary residences. The 0.94% effective property tax rate, adjusted upward by 1.0% for inflation, directly impacts monthly affordability. When evaluating a Burnet County FHA loan with PMI and taxes, this low down payment structure offsets higher long-term insurance costs, making it a strategic choice for first-time buyers here.

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.