Fannin County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Fannin County, TX Benchmarks

FHA averages

Typical Property Value$286,397

Average Down Payment4.4%

Average Interest Rate6.269%

Effective Tax Rate0.86%

Median Tax Paid$2,529/yr

Tax Growth (Historical)+4.1%

Based on 136 regional loans totaling $37,290,000 (HMDA database).

Home Price

Down Payment

$12,601 down · $273,796 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

$205 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$128 / month

Estimated Monthly Payment

$2,202/mo

Principal & Interest$1,719
Property Tax$205
Home Insurance$150
FHA MIP$128

Amortization · Remaining Balance

Financed Loan Amount

$278,587

Total Interest

$340,229

Total of Payments

$618,816

*Includes financed FHA Upfront MIP of $4,791

Local Market Insights

Fannin County FHA Mortgage Overview

Fannin County’s FHA market shows accessible entry with a 4.37% down payment on a $286,397 average property. However, the 95.63% LTV ratio triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, making this ideal for buyers with sub-620 credit. The 0.86% effective property tax rate, combined with a 4.1% inflation-adjusted increase, raises monthly costs. For true affordability with an FHA loan, factor in PMI and taxes in Fannin County, TX using a detailed FHA mortgage analysis with property taxes. This data reflects 100% owner-occupied primary residences, confirming standard homebuyer trends.

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.