Motley County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Motley County, TX Benchmarks

FHA averages

Typical Property Value$130,000

Average Down Payment2.0%

Average Interest Rate6.875%

Effective Tax Rate0.96%

Median Tax Paid$904/yr

Tax Growth (Historical)-1.5%

Based on 2 regional loans totaling $250,000 (HMDA database).

Home Price

Down Payment

$2,600 down · $127,400 financed

FHA loans require a minimum of 3.5% down payment (or matching dollar amount).

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

$104 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$59 / month

Estimated Monthly Payment

$1,165/mo

Principal & Interest$852
Property Tax$104
Home Insurance$150
FHA MIP$59

Amortization · Remaining Balance

Financed Loan Amount

$129,630

Total Interest

$177,093

Total of Payments

$306,722

*Includes financed FHA Upfront MIP of $2,230

Local Market Insights

Motley County FHA Mortgage Overview

In Motley County, the 2.00% down payment on an FHA loan unlocks homeownership with minimal upfront cash, but this comes with mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—a critical factor for buyers with sub-620 credit scores. With a 98.00% Loan-to-Value ratio, you’re financing nearly the entire $130,000 property, yet the 0.96% effective tax rate, recently adjusted down by 1.5% for inflation, slightly offsets monthly costs. For an FHA loan with PMI and taxes in Motley County, TX, this data confirms a low-barrier entry but higher long-term insurance expense. Understanding Motley County FHA loan limits and tax calculators helps gauge true affordability for primary residences.

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.