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Potter County FHA Loan Calculator

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

Loan Details

Potter County, TX Benchmarks

FHA averages
Typical Property Value$209,875
Average Down Payment4.5%
Average Interest Rate6.447%
Effective Tax Rate1.41%
Median Tax Paid$2,145/yr
Tax Growth (Historical)+2.6%
Based on 401 regional loans totaling $80,115,000 (HMDA database).
$
%

$9,444 down · $200,431 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$247 / month

$

Annual premium

$

Per month

%

$93 / month

Estimated Monthly Payment

$1,772/mo

  • Principal & Interest$1,282
  • Property Tax$247
  • Home Insurance$150
  • FHA MIP$93
Amortization · Remaining Balance

Financed Loan Amount

$203,938

Total Interest

$257,700

Total of Payments

$461,639

*Includes financed FHA Upfront MIP of $3,508

Local Market Insights

Potter County FHA Mortgage Overview

Potter County's FHA market reveals a highly accessible entry point, with a 4.55% down payment on a $209,875 average property. This low barrier, however, comes with mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, a key factor for any Potter County FHA mortgage analysis with property taxes. The 95.45% LTV ratio confirms minimal equity. The effective 1.41% property tax rate, with a 2.6% inflation-adjusted increase, directly impacts monthly affordability. For FHA loan down payment considerations, this combination makes the market ideal for owner-occupants, particularly those with sub-620 credit scores, but requires careful budgeting for permanent MIP and rising tax costs.

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.