Crane County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Crane County, TX Benchmarks

FHA averages

Typical Property Value$225,625

Average Down Payment4.0%

Average Interest Rate6.899%

Effective Tax Rate0.95%

Median Tax Paid$1,346/yr

Tax Growth (Historical)-16.7%

Based on 16 regional loans totaling $3,390,000 (HMDA database).

Home Price

Down Payment

$9,025 down · $216,600 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

$179 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$101 / month

Estimated Monthly Payment

$1,881/mo

Principal & Interest$1,451
Property Tax$179
Home Insurance$150
FHA MIP$101

Amortization · Remaining Balance

Financed Loan Amount

$220,391

Total Interest

$302,147

Total of Payments

$522,537

*Includes financed FHA Upfront MIP of $3,791

Local Market Insights

Crane County FHA Mortgage Overview

In Crane County, the weighted average FHA down payment of just 3.96% on a $225,625 property provides highly accessible entry, though mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan due to the 96.04% loan-to-value ratio. This FHA mortgage structure with property taxes is ideal for owner-occupants, as all buyers here are purchasing primary residences. The effective property tax rate of 0.95% is manageable, and the recent -16.7% inflation-adjusted tax change improves true monthly affordability. When evaluating Crane County FHA loan limits and tax considerations, the low down payment and favorable tax trend make this market particularly attractive for buyers seeking an FHA loan down payment in Crane County, Texas.

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.