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Garza County FHA Loan Calculator

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

Loan Details

Garza County, TX Benchmarks

FHA averages
Typical Property Value$203,333
Average Down Payment2.0%
Average Interest Rate6.625%
Effective Tax Rate1.33%
Median Tax Paid$1,220/yr
Tax Growth (Historical)-10.1%
Based on 6 regional loans totaling $1,180,000 (HMDA database).
$
%

$4,067 down · $199,266 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

%

$225 / month

$

Annual premium

$

Per month

%

$93 / month

Estimated Monthly Payment

$1,767/mo

  • Principal & Interest$1,299
  • Property Tax$225
  • Home Insurance$150
  • FHA MIP$93
Amortization · Remaining Balance

Financed Loan Amount

$202,754

Total Interest

$264,859

Total of Payments

$467,612

*Includes financed FHA Upfront MIP of $3,487

Local Market Insights

Garza County FHA Mortgage Overview

Garza County’s FHA market is defined by extreme accessibility. A 2.00% down payment and 98.00% loan-to-value ratio enable entry for first-time buyers, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s entire term—ideal for those with sub-620 credit. The 1.33% effective property tax rate, combined with a -10.1% inflation-adjusted tax decline, modestly lowers monthly costs. When using an FHA loan calculator with PMI and taxes in Garza County, TX, the 6.625% interest rate on a $203,333 average property still demands careful budgeting, as 100% of these loans are for 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.