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Yoakum County FHA Loan Calculator

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

Loan Details

Yoakum County, TX Benchmarks

FHA averages
Typical Property Value$228,793
Average Down Payment4.4%
Average Interest Rate6.560%
Effective Tax Rate1.12%
Median Tax Paid$1,715/yr
Tax Growth (Historical)-7.3%
Based on 29 regional loans totaling $6,395,000 (HMDA database).
$
%

$10,067 down · $218,726 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$214 / month

$

Annual premium

$

Per month

%

$102 / month

Estimated Monthly Payment

$1,881/mo

  • Principal & Interest$1,415
  • Property Tax$214
  • Home Insurance$150
  • FHA MIP$102
Amortization · Remaining Balance

Financed Loan Amount

$222,554

Total Interest

$287,021

Total of Payments

$509,575

*Includes financed FHA Upfront MIP of $3,828

Local Market Insights

Yoakum County FHA Mortgage Overview

In Yoakum County, the typical FHA buyer secures a home valued at $228,793 with a minimal 4.38% down payment, reflecting accessible entry. However, with a 95.62% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) remain for the loan’s life, a key factor for those exploring FHA loan down payment options. The effective 1.12% property tax rate, coupled with a -7.3% inflation-adjusted decrease, slightly reduces monthly carrying costs. For buyers using an FHA mortgage with property taxes, this tax relief enhances true affordability, though the 6.560% interest rate demands careful budget planning. All 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.