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Smith County FHA Loan Calculator

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

Loan Details

Smith County, TX Benchmarks

FHA averages
Typical Property Value$285,624
Average Down Payment4.9%
Average Interest Rate6.428%
Effective Tax Rate1.15%
Median Tax Paid$2,804/yr
Tax Growth (Historical)-1.1%
Based on 659 regional loans totaling $178,175,000 (HMDA database).
$
%

$13,996 down · $271,628 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$274 / month

$

Annual premium

$

Per month

%

$127 / month

Estimated Monthly Payment

$2,285/mo

  • Principal & Interest$1,734
  • Property Tax$274
  • Home Insurance$150
  • FHA MIP$127
Amortization · Remaining Balance

Financed Loan Amount

$276,382

Total Interest

$347,936

Total of Payments

$624,318

*Includes financed FHA Upfront MIP of $4,753

Local Market Insights

Smith County FHA Mortgage Overview

For Smith County homebuyers, an FHA loan’s 4.93% down payment offers accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life due to the 95.07% loan-to-value ratio. This data reflects 100% primary residences, not investments. The 1.15% property tax rate, with a recent -1.1% inflation-adjusted decrease, slightly eases monthly affordability. When evaluating an FHA loan with PMI and taxes in Smith County, TX, these low down payments and tax shifts reduce upfront burdens, though MIP is permanent. Understanding Smith County FHA loan limits and tax impacts is key for long-term planning.

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.