Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Texas>Collingsworth County (FHA)

Collingsworth County FHA Loan Calculator

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

Loan Details

Collingsworth County, TX Benchmarks

FHA averages
Typical Property Value$125,000
Average Down Payment2.3%
Average Interest Rate6.523%
Effective Tax Rate0.91%
Median Tax Paid$1,314/yr
Tax Growth (Historical)-7.5%
Based on 5 regional loans totaling $615,000 (HMDA database).
$
%

$2,875 down · $122,125 financed

FHA loans require a minimum of 3.5% down payment (or matching dollar amount).

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$95 / month

$

Annual premium

$

Per month

%

$57 / month

Estimated Monthly Payment

$1,089/mo

  • Principal & Interest$787
  • Property Tax$95
  • Home Insurance$150
  • FHA MIP$57
Amortization · Remaining Balance

Financed Loan Amount

$124,262

Total Interest

$159,078

Total of Payments

$283,340

*Includes financed FHA Upfront MIP of $2,137

Local Market Insights

Collingsworth County FHA Mortgage Overview

In Collingsworth County, the average FHA loan requires just a 2.32% down payment on a $125,000 property, providing accessible entry for buyers. However, with a 97.68% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, making this ideal for those with sub-620 credit scores. The effective property tax rate of 0.91% and a recent inflation-adjusted tax decrease of -7.5% reduce monthly carrying costs. When evaluating an FHA loan with PMI and taxes in Collingsworth County, TX, this combination lowers true monthly affordability despite the low upfront cost.

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.