Tom Green County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Tom Green County, TX Benchmarks

FHA averages

Typical Property Value$249,199

Average Down Payment3.3%

Average Interest Rate6.593%

Effective Tax Rate1.29%

Median Tax Paid$2,532/yr

Tax Growth (Historical)-2.6%

Based on 512 regional loans totaling $122,710,000 (HMDA database).

Home Price

Down Payment

$8,224 down · $240,975 financed

FHA loans require a minimum of 3.5% down payment (or matching dollar amount).

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

$268 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$112 / month

Estimated Monthly Payment

$2,095/mo

Principal & Interest$1,564
Property Tax$268
Home Insurance$150
FHA MIP$112

Amortization · Remaining Balance

Financed Loan Amount

$245,193

Total Interest

$317,964

Total of Payments

$563,157

*Includes financed FHA Upfront MIP of $4,217

Local Market Insights

Tom Green County FHA Mortgage Overview

Tom Green County’s FHA market is built for accessible entry. With a 3.25% down payment and a 96.75% loan-to-value ratio, buyers can purchase the average $249,199 home with minimal upfront cash. However, this low down payment triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, a key factor when using an FHA loan with PMI and taxes in Tom Green County, TX. The 1.29% effective property tax rate, combined with a recent -2.6% inflation-adjusted tax decrease, slightly eases monthly affordability. This data reflects 100% owner-occupied purchases, ideal for those seeking an FHA down payment in Tom Green County, Texas, while recognizing MIP is permanent here.

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.