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Concho County FHA Loan Calculator

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

Loan Details

Concho County, TX Benchmarks

FHA averages
Typical Property Value$95,000
Average Down Payment3.5%
Average Interest Rate6.500%
Effective Tax Rate0.99%
Median Tax Paid$1,799/yr
Tax Growth (Historical)+9.1%
Based on 1 regional loans totaling $95,000 (HMDA database).
$
%

$3,325 down · $91,675 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$78 / month

$

Annual premium

$

Per month

%

$43 / month

Estimated Monthly Payment

$861/mo

  • Principal & Interest$590
  • Property Tax$78
  • Home Insurance$150
  • FHA MIP$43
Amortization · Remaining Balance

Financed Loan Amount

$93,279

Total Interest

$118,973

Total of Payments

$212,252

*Includes financed FHA Upfront MIP of $1,604

Local Market Insights

Concho County FHA Mortgage Overview

In Concho County, an FHA loan with a 3.50% down payment on a $95,000 property offers accessible entry, but the 96.50% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the loan's life, ideal for buyers with sub-620 credit. The 0.99% property tax rate, adjusted upward by 9.1% for inflation, adds roughly $94 monthly, impacting true affordability. When evaluating Concho County FHA loan limits and tax implications, this lower-cost market remains favorable for primary residences, though buyers should account for the permanent MIP cost alongside the effective tax burden.

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.