Upshur County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Upshur County, TX Benchmarks

FHA averages

Typical Property Value$257,597

Average Down Payment6.4%

Average Interest Rate6.467%

Effective Tax Rate1.09%

Median Tax Paid$1,993/yr

Tax Growth (Historical)-7.9%

Based on 154 regional loans totaling $37,070,000 (HMDA database).

Home Price

Down Payment

$16,486 down · $241,111 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

$234 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$102 / month

Estimated Monthly Payment

$2,032/mo

Principal & Interest$1,546
Property Tax$234
Home Insurance$150
FHA MIP$102

Amortization · Remaining Balance

Financed Loan Amount

$245,330

Total Interest

$311,164

Total of Payments

$556,494

*Includes financed FHA Upfront MIP of $4,219

Local Market Insights

Upshur County FHA Mortgage Overview

In Upshur County, the 6.40% average down payment on an FHA loan provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life due to the 93.60% loan-to-value ratio. This makes an FHA loan calculator with PMI and taxes essential for true cost assessment. The 1.09% effective property tax rate, paired with a -7.9% inflation-adjusted tax reduction, lowers monthly affordability. However, buyers using an Upshur County FHA mortgage calculator with property taxes must account for permanent MIP, unlike conventional loans. This data reflects 100% owner-occupied purchases, not investment properties.

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.