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Montague County FHA Loan Calculator

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

Loan Details

Montague County, TX Benchmarks

FHA averages
Typical Property Value$251,029
Average Down Payment6.0%
Average Interest Rate6.434%
Effective Tax Rate0.88%
Median Tax Paid$1,902/yr
Tax Growth (Historical)+2.4%
Based on 68 regional loans totaling $15,960,000 (HMDA database).
$
%

$15,062 down · $235,967 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$184 / month

$

Annual premium

$

Per month

%

$100 / month

Estimated Monthly Payment

$1,941/mo

  • Principal & Interest$1,507
  • Property Tax$184
  • Home Insurance$150
  • FHA MIP$100
Amortization · Remaining Balance

Financed Loan Amount

$240,097

Total Interest

$302,257

Total of Payments

$542,354

*Includes financed FHA Upfront MIP of $4,129

Local Market Insights

Montague County FHA Mortgage Overview

In Montague County, the typical FHA buyer puts down just 6.03% on a $251,029 home, leveraging a high 93.97% loan-to-value ratio. This low entry point makes homeownership accessible, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s full term—a critical factor for those using an FHA loan down payment calculator in Montague County, Texas. The effective 0.88% property tax rate, adjusted upward by 2.4% for inflation, adds roughly $184 monthly to true affordability. For FHA loan limits and tax analysis, this market’s 100% owner-occupancy rate and 6.434% rate favor buyers with sub-620 credit scores seeking stable, primary residence financing.

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.