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Wheeler County FHA Loan Calculator

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

Loan Details

Wheeler County, TX Benchmarks

FHA averages
Typical Property Value$159,444
Average Down Payment3.6%
Average Interest Rate6.581%
Effective Tax Rate1.44%
Median Tax Paid$1,470/yr
Tax Growth (Historical)+1.1%
Based on 9 regional loans totaling $1,375,000 (HMDA database).
$
%

$5,740 down · $153,704 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$191 / month

$

Annual premium

$

Per month

%

$72 / month

Estimated Monthly Payment

$1,410/mo

  • Principal & Interest$997
  • Property Tax$191
  • Home Insurance$150
  • FHA MIP$72
Amortization · Remaining Balance

Financed Loan Amount

$156,394

Total Interest

$202,439

Total of Payments

$358,833

*Includes financed FHA Upfront MIP of $2,690

Local Market Insights

Wheeler County FHA Mortgage Overview

For Wheeler County homebuyers, the 3.64% down payment on a $159,444 property makes FHA financing an accessible entry point. However, with a 96.36% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—ideal for those with sub-620 credit scores but adding long-term cost. The 1.44% effective property tax rate, alongside a 1.1% inflation-adjusted increase, directly impacts monthly affordability. When evaluating Wheeler County FHA loan limits and property taxes, remember that MIP and tax shifts must be factored into your total payment. This data reflects 100% owner-occupied purchases, not investments.

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.