Dallam County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Dallam County, TX Benchmarks

FHA averages

Typical Property Value$203,485

Average Down Payment5.0%

Average Interest Rate6.653%

Effective Tax Rate1.20%

Median Tax Paid$1,736/yr

Tax Growth (Historical)-18.5%

Based on 33 regional loans totaling $6,305,000 (HMDA database).

Home Price

Down Payment

$10,174 down · $193,311 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

$203 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$82 / month

Estimated Monthly Payment

$1,698/mo

Principal & Interest$1,263
Property Tax$203
Home Insurance$150
FHA MIP$82

Amortization · Remaining Balance

Financed Loan Amount

$196,694

Total Interest

$257,880

Total of Payments

$454,574

*Includes financed FHA Upfront MIP of $3,383

Local Market Insights

Dallam County FHA Mortgage Overview

In Dallam County, the typical FHA buyer leverages a 5.03% down payment on a $203,485 property, requiring a 94.97% loan-to-value ratio. This low entry point is ideal for owner-occupants, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan's life, regardless of equity. The effective property tax rate of 1.20% is mitigated by an 18.5% inflation-adjusted decrease, improving monthly affordability. For those exploring an FHA loan with PMI and taxes in Dallam County, TX, this market's low down payment and reduced tax burden offer stable, accessible financing, though MIP remains a permanent 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.