Matagorda County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Matagorda County, TX Benchmarks

FHA averages

Typical Property Value$238,226

Average Down Payment5.0%

Average Interest Rate6.127%

Effective Tax Rate1.22%

Median Tax Paid$2,328/yr

Tax Growth (Historical)+11.0%

Based on 124 regional loans totaling $28,130,000 (HMDA database).

Home Price

Down Payment

$11,911 down · $226,315 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

$242 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$96 / month

Estimated Monthly Payment

$1,888/mo

Principal & Interest$1,400
Property Tax$242
Home Insurance$150
FHA MIP$96

Amortization · Remaining Balance

Financed Loan Amount

$230,275

Total Interest

$273,696

Total of Payments

$503,972

*Includes financed FHA Upfront MIP of $3,961

Local Market Insights

Matagorda County FHA Mortgage Overview

For Matagorda County homebuyers using an FHA loan, the 5.02% average down payment and 94.98% loan-to-value ratio provide accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life—ideal if credit scores are below 620. The 1.22% effective property tax rate, adjusted upward 11.0% for inflation, significantly impacts monthly affordability. When assessing an FHA mortgage with PMI and taxes in Matagorda County, TX, or an FHA loan down payment in Matagorda County, Texas, factor in that MIP doesn’t cancel. With 100% primary occupancy, this data reflects standard homebuyers, not investors.

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.