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Cameron County FHA Loan Calculator

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

Loan Details

Cameron County, TX Benchmarks

FHA averages
Typical Property Value$264,685
Average Down Payment4.4%
Average Interest Rate6.389%
Effective Tax Rate1.35%
Median Tax Paid$2,042/yr
Tax Growth (Historical)+1.8%
Based on 1,268 regional loans totaling $317,920,000 (HMDA database).
$
%

$11,646 down · $253,039 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$298 / month

$

Annual premium

$

Per month

%

$118 / month

Estimated Monthly Payment

$2,175/mo

  • Principal & Interest$1,609
  • Property Tax$298
  • Home Insurance$150
  • FHA MIP$118
Amortization · Remaining Balance

Financed Loan Amount

$257,467

Total Interest

$321,696

Total of Payments

$579,163

*Includes financed FHA Upfront MIP of $4,428

Local Market Insights

Cameron County FHA Mortgage Overview

For Cameron County homebuyers, the FHA loan’s 4.40% down payment provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 95.60% loan-to-value ratio. This data reflects 100% owner-occupied purchases, not investments. The 1.35% effective property tax rate, with a 1.8% inflation-adjusted increase, directly impacts monthly affordability. When evaluating an FHA mortgage with property taxes, remember MIP is permanent, making this ideal for those with sub-620 credit. Understanding Cameron County FHA loan limits and tax implications is crucial for accurate 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.