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Rusk County FHA Loan Calculator

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

Loan Details

Rusk County, TX Benchmarks

FHA averages
Typical Property Value$247,192
Average Down Payment5.2%
Average Interest Rate6.544%
Effective Tax Rate0.91%
Median Tax Paid$1,793/yr
Tax Growth (Historical)+4.1%
Based on 146 regional loans totaling $33,990,000 (HMDA database).
$
%

$12,854 down · $234,338 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$187 / month

$

Annual premium

$

Per month

%

$99 / month

Estimated Monthly Payment

$1,950/mo

  • Principal & Interest$1,513
  • Property Tax$187
  • Home Insurance$150
  • FHA MIP$99
Amortization · Remaining Balance

Financed Loan Amount

$238,439

Total Interest

$306,376

Total of Payments

$544,815

*Includes financed FHA Upfront MIP of $4,101

Local Market Insights

Rusk County FHA Mortgage Overview

In Rusk County, the 5.15% down payment on FHA loans provides accessible entry for owner-occupants, but the mandatory Mortgage Insurance Premium (MIP) applies for the entire loan term due to the 94.85% LTV ratio. This makes it ideal for buyers with sub-620 credit scores. The 0.91% effective property tax rate, adjusted upward by 4.1% for inflation, adds roughly $230 annually to true monthly affordability. When evaluating a Rusk County FHA loan with PMI and taxes, the $247,192 average property value and 6.544% rate mean MIP and tax shifts significantly impact long-term costs, especially for first-time buyers.

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.