Coleman County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Coleman County, TX Benchmarks

FHA averages

Typical Property Value$195,000

Average Down Payment4.9%

Average Interest Rate6.791%

Effective Tax Rate0.94%

Median Tax Paid$1,252/yr

Tax Growth (Historical)-2.7%

Based on 10 regional loans totaling $1,820,000 (HMDA database).

Home Price

Down Payment

$9,555 down · $185,445 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

$153 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$86 / month

Estimated Monthly Payment

$1,618/mo

Principal & Interest$1,229
Property Tax$153
Home Insurance$150
FHA MIP$86

Amortization · Remaining Balance

Financed Loan Amount

$188,690

Total Interest

$253,700

Total of Payments

$442,391

*Includes financed FHA Upfront MIP of $3,245

Local Market Insights

Coleman County FHA Mortgage Overview

In Coleman County, the typical FHA buyer leverages a 4.92% down payment on a $195,000 home, providing accessible entry. However, this low equity means Mortgage Insurance Premiums (MIP) are mandatory for the life of the loan, a key factor for those using an FHA loan calculator with PMI and taxes. The 95.08% LTV ratio confirms a high-financing, owner-occupied profile. Affordability is supported by a 0.94% effective property tax rate, with a -2.7% inflation-adjusted tax shift providing slight monthly relief. This data helps buyers evaluating Coleman County FHA loan limits and tax implications understand long-term MIP costs.

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.