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Fayette County FHA Loan Calculator

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

Loan Details

Fayette County, TX Benchmarks

FHA averages
Typical Property Value$306,379
Average Down Payment3.3%
Average Interest Rate6.510%
Effective Tax Rate0.73%
Median Tax Paid$2,611/yr
Tax Growth (Historical)-7.4%
Based on 30 regional loans totaling $8,770,000 (HMDA database).
$
%

$10,111 down · $296,268 financed

FHA loans require a minimum of 3.5% down payment (or matching dollar amount).

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$186 / month

$

Annual premium

$

Per month

%

$138 / month

Estimated Monthly Payment

$2,382/mo

  • Principal & Interest$1,907
  • Property Tax$186
  • Home Insurance$150
  • FHA MIP$138
Amortization · Remaining Balance

Financed Loan Amount

$301,453

Total Interest

$385,201

Total of Payments

$686,654

*Includes financed FHA Upfront MIP of $5,185

Local Market Insights

Fayette County FHA Mortgage Overview

Fayette County’s FHA market is defined by accessible entry and persistent costs. With an average 3.26% down payment and a 96.74% loan-to-value ratio, buyers leverage FHA’s low barrier to entry. However, mandatory Mortgage Insurance Premiums (MIP) last for the loan’s life, a key factor for those using an FHA loan down payment analysis in Fayette County, Texas. The 0.73% effective property tax rate, combined with a -7.4% inflation-adjusted tax decline, slightly eases monthly affordability. For owner-occupants reviewing Fayette County FHA loan limits and tax impact, this market favors buyers with sub-620 credit scores who prioritize immediate ownership over long-term MIP avoidance.

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.