Grimes County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Grimes County, TX Benchmarks

FHA averages

Typical Property Value$292,442

Average Down Payment6.1%

Average Interest Rate5.980%

Effective Tax Rate0.90%

Median Tax Paid$2,414/yr

Tax Growth (Historical)-5.6%

Based on 130 regional loans totaling $35,460,000 (HMDA database).

Home Price

Down Payment

$17,839 down · $274,603 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

$219 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$116 / month

Estimated Monthly Payment

$2,157/mo

Principal & Interest$1,672
Property Tax$219
Home Insurance$150
FHA MIP$116

Amortization · Remaining Balance

Financed Loan Amount

$279,409

Total Interest

$322,369

Total of Payments

$601,778

*Includes financed FHA Upfront MIP of $4,806

Local Market Insights

Grimes County FHA Mortgage Overview

In Grimes County, the 6.07% average down payment on FHA loans offers accessible entry, but mandatory Mortgage Insurance Premiums (MIP) remain for the loan's life due to a 93.93% Loan-to-Value (LTV) ratio—ideal for buyers seeking low upfront costs. The 0.90% effective property tax rate, paired with a -5.6% inflation-adjusted tax change, slightly reduces monthly burden. For those using a Grimes County FHA loan with PMI and taxes, this data reflects 100% owner-occupied purchases, not investments. Always verify current Grimes County FHA loan limits when assessing affordability.

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.