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Dallas County FHA Loan Calculator

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

Loan Details

Dallas County, TX Benchmarks

FHA averages
Typical Property Value$330,446
Average Down Payment4.4%
Average Interest Rate6.027%
Effective Tax Rate1.45%
Median Tax Paid$4,798/yr
Tax Growth (Historical)-0.3%
Based on 5,528 regional loans totaling $1,737,110,000 (HMDA database).
$
%

$14,540 down · $315,906 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$399 / month

$

Annual premium

$

Per month

%

$147 / month

Estimated Monthly Payment

$2,630/mo

  • Principal & Interest$1,933
  • Property Tax$399
  • Home Insurance$150
  • FHA MIP$147
Amortization · Remaining Balance

Financed Loan Amount

$321,435

Total Interest

$374,578

Total of Payments

$696,012

*Includes financed FHA Upfront MIP of $5,528

Local Market Insights

Dallas County FHA Mortgage Overview

For Dallas County homebuyers using an FHA loan, the 4.42% weighted average down payment provides accessible entry, but mandates Mortgage Insurance Premiums (MIP) for the loan’s life. With a 95.58% median LTV ratio and 100% primary occupancy, this data reflects standard owner-occupants, not investors. The effective property tax rate of 1.45% on a $330,445.99 average property adds roughly $400 monthly, though the recent -0.3% inflation-adjusted tax shift offers slight relief. When evaluating an FHA loan with PMI and taxes in Dallas County, TX, the 6.027% interest rate and mandatory MIP make this ideal for buyers with sub-620 credit seeking lower upfront 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.