2025 HUD guidelines · Based on local median home value · Pre-rendered committed figures
FHA MIP does not cancel like conventional PMI. For FHA loans with less than 10% down in Fort Worth, the annual MIP of approximately $144/month persists for the life of the loan. Borrowers must refinance into a conventional loan once they reach 20% equity — or put 10%+ down at origination — to eliminate MIP.
FHA eligible in Fort Worth · Estimated loan of $313,188 is within the local FHA limit of $563,500.
Safe Rate Local
Estimate your true cost of homeownership in Fort Worth with localized property taxes, insurance, and utility data.
← Back to Fort Worth HubGet a live quote priced specifically for Fort Worth using Safe Rate's engine.
Loan balance and total interest paid over 30 years.
An FHA buyer in Fort Worth, TX borrowing $313,188 (with 3.5% down on a median $324,547 home) pays an upfront mortgage insurance premium (MIP) of $5,481 — equal to 1.75% of the base loan amount. This upfront MIP is typically financed into the loan balance rather than paid at closing, increasing the total loan amount to approximately $318,669.
For a typical FHA loan in Fort Worth, TX with a base loan amount of $313,188, the annual MIP rate is 0.55% — adding approximately $144/month to the required payment. This monthly MIP is separate from principal, interest, property taxes, and homeowners insurance.
Unlike conventional PMI — which automatically cancels at 80% LTV under the Homeowners Protection Act — FHA annual MIP on loans with less than 10% down does not fall off. For FHA buyers in Fort Worth, TX putting 3.5% down, this means ongoing monthly MIP payments of approximately $144/month for the life of the loan. To eliminate MIP, borrowers must refinance into a conventional loan once they reach 20% equity, or put 10%+ down at origination (MIP then cancels after 11 years).
The 2025 FHA loan limit for Fort Worth, TX is $563,500 for a 1-unit property. A typical buyer purchasing the median-priced home here (approximately $324,547) with 3.5% down would have a base loan amount of approximately $313,188, which falls within the local FHA limit — making FHA financing an accessible option for eligible buyers.
Beyond principal and interest, FHA buyers in Fort Worth, TX with a median $324,547 home can expect approximately $4,799/yr in property taxes, $2,188/yr for homeowners insurance, $2,400/yr in energy utilities, and $144/mo in FHA mortgage insurance (MIP). Together, these non-P&I costs add approximately $926/month to the required payment in Fort Worth, TX.