Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Texas>Madison County (FHA)

Madison County FHA Loan Calculator

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

Loan Details

Madison County, TX Benchmarks

FHA averages
Typical Property Value$290,806
Average Down Payment4.7%
Average Interest Rate6.307%
Effective Tax Rate0.96%
Median Tax Paid$1,726/yr
Tax Growth (Historical)-2.8%
Based on 31 regional loans totaling $8,515,000 (HMDA database).
$
%

$13,668 down · $277,138 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$233 / month

$

Annual premium

$

Per month

%

$129 / month

Estimated Monthly Payment

$2,259/mo

  • Principal & Interest$1,747
  • Property Tax$233
  • Home Insurance$150
  • FHA MIP$129
Amortization · Remaining Balance

Financed Loan Amount

$281,988

Total Interest

$347,028

Total of Payments

$629,016

*Includes financed FHA Upfront MIP of $4,850

Local Market Insights

Madison County FHA Mortgage Overview

For Madison County homebuyers, an FHA loan with a 4.67% down payment provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life. The 95.33% loan-to-value ratio confirms this is leveraged financing, ideal for those with sub-620 credit scores. The effective property tax rate of 0.96%, combined with a -2.8% inflation-adjusted tax change, slightly reduces monthly affordability. When evaluating a Madison County FHA mortgage with property taxes, remember MIP is permanent, making this a long-term cost consideration for primary residences, not investment properties.

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.