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Howard County FHA Loan Calculator

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

Loan Details

Howard County, TX Benchmarks

FHA averages
Typical Property Value$224,867
Average Down Payment2.9%
Average Interest Rate6.688%
Effective Tax Rate1.11%
Median Tax Paid$1,480/yr
Tax Growth (Historical)-12.6%
Based on 150 regional loans totaling $32,640,000 (HMDA database).
$
%

$6,521 down · $218,346 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

%

$208 / month

$

Annual premium

$

Per month

%

$102 / month

Estimated Monthly Payment

$1,892/mo

  • Principal & Interest$1,432
  • Property Tax$208
  • Home Insurance$150
  • FHA MIP$102
Amortization · Remaining Balance

Financed Loan Amount

$222,167

Total Interest

$293,397

Total of Payments

$515,563

*Includes financed FHA Upfront MIP of $3,821

Local Market Insights

Howard County FHA Mortgage Overview

Howard County’s FHA market offers exceptional entry access with a 2.89% down payment on a $224,867 average property. This low barrier, combined with a 97.11% LTV, means mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for buyers with sub-620 credit. The 1.11% effective property tax rate, adjusted -12.6% for inflation, provides modest relief to monthly affordability. For those using an FHA loan calculator with PMI and taxes in Howard County, TX, the 6.688% rate and these tax shifts define true cost. All data reflects 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.