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Montgomery County FHA Loan Calculator

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

Loan Details

Montgomery County, TX Benchmarks

FHA averages
Typical Property Value$293,380
Average Down Payment5.2%
Average Interest Rate5.422%
Effective Tax Rate1.44%
Median Tax Paid$5,268/yr
Tax Growth (Historical)-2.4%
Based on 5,839 regional loans totaling $1,643,585,000 (HMDA database).
$
%

$15,256 down · $278,124 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$352 / month

$

Annual premium

$

Per month

%

$118 / month

Estimated Monthly Payment

$2,213/mo

  • Principal & Interest$1,593
  • Property Tax$352
  • Home Insurance$150
  • FHA MIP$118
Amortization · Remaining Balance

Financed Loan Amount

$282,991

Total Interest

$290,351

Total of Payments

$573,343

*Includes financed FHA Upfront MIP of $4,867

Local Market Insights

Montgomery County FHA Mortgage Overview

In Montgomery County, the 5.16% average down payment on FHA loans highlights accessible entry for owner-occupants, but the 94.84% LTV ratio means mandatory MIP for the loan’s life, ideal for buyers with sub-620 credit. The 1.44% effective property tax rate and recent -2.4% inflation-adjusted tax shift offer slight monthly relief. When evaluating an FHA loan with PMI and taxes in Montgomery County, TX, remember these MIP costs are permanent. For accurate budgeting on an FHA mortgage with property taxes, the average property value of $293,380 and 5.422% interest rate are key inputs. Montgomery County FHA loan limits support this steady primary-residence market.

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.