Lynn County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Lynn County, TX Benchmarks

FHA averages

Typical Property Value$193,947

Average Down Payment3.8%

Average Interest Rate6.565%

Effective Tax Rate1.33%

Median Tax Paid$2,604/yr

Tax Growth (Historical)+11.4%

Based on 19 regional loans totaling $3,615,000 (HMDA database).

Home Price

Down Payment

$7,370 down · $186,577 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

$215 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$87 / month

Estimated Monthly Payment

$1,661/mo

Principal & Interest$1,209
Property Tax$215
Home Insurance$150
FHA MIP$87

Amortization · Remaining Balance

Financed Loan Amount

$189,842

Total Interest

$245,284

Total of Payments

$435,126

*Includes financed FHA Upfront MIP of $3,265

Local Market Insights

Lynn County FHA Mortgage Overview

In Lynn County, the 3.81% average FHA down payment on a $193,947 property offers accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for buyers with sub-620 credit. With a 96.19% Loan-to-Value ratio, this data reflects 100% owner-occupied purchases. An effective 1.33% property tax rate, coupled with an 11.4% inflation-adjusted tax increase, significantly impacts monthly affordability. When evaluating an FHA loan with PMI and taxes in Lynn County, TX, or reviewing FHA loan limits and tax scenarios, this tax shift is a critical cost factor for long-term budgeting.

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.