Randall County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Randall County, TX Benchmarks

FHA averages

Typical Property Value$260,523

Average Down Payment4.5%

Average Interest Rate6.355%

Effective Tax Rate1.37%

Median Tax Paid$3,610/yr

Tax Growth (Historical)-2.4%

Based on 833 regional loans totaling $206,515,000 (HMDA database).

Home Price

Down Payment

$11,724 down · $248,799 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

$297 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$116 / month

Estimated Monthly Payment

$2,140/mo

Principal & Interest$1,577
Property Tax$297
Home Insurance$150
FHA MIP$116

Amortization · Remaining Balance

Financed Loan Amount

$253,153

Total Interest

$314,518

Total of Payments

$567,672

*Includes financed FHA Upfront MIP of $4,354

Local Market Insights

Randall County FHA Mortgage Overview

For Randall County homebuyers, the 4.51% FHA down payment on a $260,523 average property provides accessible entry, but the 95.49% LTV ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life, ideal for those with sub-620 credit. The 1.37% effective property tax rate, with a recent -2.4% inflation-adjusted decrease, slightly offsets monthly costs. When evaluating an FHA loan with PMI and taxes in Randall County, TX, or Randall County FHA loan limits, this low down payment and tax shift enhance 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.