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Sterling County FHA Loan Calculator

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

Loan Details

Sterling County, TX Benchmarks

FHA averages
Typical Property Value$255,000
Average Down Payment3.5%
Average Interest Rate6.250%
Effective Tax Rate0.89%
Median Tax Paid$1,894/yr
Tax Growth (Historical)+19.7%
Based on 1 regional loans totaling $245,000 (HMDA database).
$
%

$8,925 down · $246,075 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$189 / month

$

Annual premium

$

Per month

%

$115 / month

Estimated Monthly Payment

$1,996/mo

  • Principal & Interest$1,542
  • Property Tax$189
  • Home Insurance$150
  • FHA MIP$115
Amortization · Remaining Balance

Financed Loan Amount

$250,381

Total Interest

$304,609

Total of Payments

$554,991

*Includes financed FHA Upfront MIP of $4,306

Local Market Insights

Sterling County FHA Mortgage Overview

In Sterling County, the average FHA borrower secures a home valued at $255,000 with a minimal 3.50% down payment, reflecting an extremely accessible entry point. However, this low equity (96.50% LTV) triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, a key factor for those exploring an FHA loan calculator with PMI and taxes in Sterling County, TX. The effective property tax rate of 0.89% is manageable, but the recent 19.7% inflation-adjusted tax increase significantly raises true monthly affordability. All data reflects 100% owner-occupied purchases, confirming this market serves standard homebuyers, not investors. When using a Sterling County FHA mortgage calculator with property taxes, remember MIP is a permanent cost, making this ideal for buyers with sub-620 credit scores prioritizing lower upfront cash.

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.