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Jim Wells County FHA Loan Calculator

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

Loan Details

Jim Wells County, TX Benchmarks

FHA averages
Typical Property Value$275,215
Average Down Payment6.7%
Average Interest Rate6.569%
Effective Tax Rate1.21%
Median Tax Paid$1,426/yr
Tax Growth (Historical)+5.5%
Based on 93 regional loans totaling $23,705,000 (HMDA database).
$
%

$18,439 down · $256,776 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$278 / month

$

Annual premium

$

Per month

%

$109 / month

Estimated Monthly Payment

$2,200/mo

  • Principal & Interest$1,663
  • Property Tax$278
  • Home Insurance$150
  • FHA MIP$109
Amortization · Remaining Balance

Financed Loan Amount

$261,269

Total Interest

$337,571

Total of Payments

$598,840

*Includes financed FHA Upfront MIP of $4,494

Local Market Insights

Jim Wells County FHA Mortgage Overview

In Jim Wells County, the 6.68% down payment on an FHA loan provides accessible entry for primary residence buyers, but the 93.32% LTV ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the loan's life, regardless of equity. This suits buyers with sub-620 credit scores. The effective 1.21% property tax rate, compounded by a 5.5% inflation-adjusted increase, significantly impacts monthly affordability. When using a Jim Wells County FHA loan tool with PMI and taxes, factor in these recurring costs. The average 6.569% interest rate on a $275,215 property necessitates careful budgeting for total housing expense.

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.