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Ward County FHA Loan Calculator

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

Loan Details

Ward County, TX Benchmarks

FHA averages
Typical Property Value$261,538
Average Down Payment3.8%
Average Interest Rate6.507%
Effective Tax Rate0.33%
Median Tax Paid$965/yr
Tax Growth (Historical)+12.4%
Based on 53 regional loans totaling $13,335,000 (HMDA database).
$
%

$9,938 down · $251,600 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$72 / month

$

Annual premium

$

Per month

%

$117 / month

Estimated Monthly Payment

$1,959/mo

  • Principal & Interest$1,620
  • Property Tax$72
  • Home Insurance$150
  • FHA MIP$117
Amortization · Remaining Balance

Financed Loan Amount

$256,003

Total Interest

$327,123

Total of Payments

$583,126

*Includes financed FHA Upfront MIP of $4,403

Local Market Insights

Ward County FHA Mortgage Overview

For Ward County homebuyers, an FHA loan with a 3.79% down payment offers accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, regardless of equity. The 96.21% loan-to-value ratio confirms this is a low-down-payment market for primary residences. When evaluating an FHA loan calculator with PMI and taxes in Ward County, TX, note the effective property tax rate is a low 0.33%, yet the recent 12.4% inflation-adjusted tax increase will raise monthly costs. This data, from an FHA loan down payment calculator in Ward County, Texas, highlights that while upfront cash is minimal, long-term MIP and rising taxes are key affordability factors for this high-occupancy market.

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.