Hill County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Hill County, TX Benchmarks

FHA averages

Typical Property Value$258,293

Average Down Payment5.1%

Average Interest Rate6.456%

Effective Tax Rate1.05%

Median Tax Paid$2,078/yr

Tax Growth (Historical)+0.2%

Based on 164 regional loans totaling $40,190,000 (HMDA database).

Home Price

Down Payment

$13,173 down · $245,120 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

$226 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$104 / month

Estimated Monthly Payment

$2,050/mo

Principal & Interest$1,570
Property Tax$226
Home Insurance$150
FHA MIP$104

Amortization · Remaining Balance

Financed Loan Amount

$249,410

Total Interest

$315,748

Total of Payments

$565,158

*Includes financed FHA Upfront MIP of $4,290

Local Market Insights

Hill County FHA Mortgage Overview

For Hill County homebuyers, the 5.06% down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) last for the loan’s life—ideal if you have a sub-620 credit score. With a 94.94% Loan-to-Value ratio, this data reflects 100% owner-occupied purchases, not investments. The effective property tax rate of 1.05%, plus a 0.2% inflation-adjusted increase, directly impacts monthly affordability. When evaluating an FHA loan down payment in Hill County, Texas, consider these tax impacts alongside MIP for a complete picture of true costs.

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.