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Gaines County FHA Loan Calculator

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

Loan Details

Gaines County, TX Benchmarks

FHA averages
Typical Property Value$290,505
Average Down Payment4.4%
Average Interest Rate6.537%
Effective Tax Rate1.50%
Median Tax Paid$3,142/yr
Tax Growth (Historical)+12.0%
Based on 109 regional loans totaling $29,955,000 (HMDA database).
$
%

$12,782 down · $277,723 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$363 / month

$

Annual premium

$

Per month

%

$130 / month

Estimated Monthly Payment

$2,436/mo

  • Principal & Interest$1,794
  • Property Tax$363
  • Home Insurance$150
  • FHA MIP$130
Amortization · Remaining Balance

Financed Loan Amount

$282,583

Total Interest

$363,097

Total of Payments

$645,680

*Includes financed FHA Upfront MIP of $4,860

Local Market Insights

Gaines County FHA Mortgage Overview

For Gaines County homebuyers, the FHA loan’s average 4.43% down payment on a $290,505 property provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) last the loan’s life, regardless of equity. The 95.57% loan-to-value ratio confirms this is a low-down-payment market, ideal for those with sub-620 credit. However, the 1.50% property tax rate, with a 12.0% inflation-adjusted increase, significantly raises monthly costs. When using an FHA loan calculator with PMI and taxes in Gaines County, TX, or reviewing Gaines County FHA loan limits, factor in this tax burden. All data reflects 100% owner-occupied primary residences, not investments.

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.