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Drew County FHA Loan Calculator

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

Loan Details

Drew County, AR Benchmarks

FHA averages
Typical Property Value$218,514
Average Down Payment10.2%
Average Interest Rate6.389%
Effective Tax Rate0.52%
Median Tax Paid$664/yr
Tax Growth (Historical)+12.6%
Based on 37 regional loans totaling $7,055,000 (HMDA database).
$
%

$22,288 down · $196,226 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$95 / month

$

Annual premium

$

Per month

%

$83 / month

Estimated Monthly Payment

$1,575/mo

  • Principal & Interest$1,248
  • Property Tax$95
  • Home Insurance$150
  • FHA MIP$83
Amortization · Remaining Balance

Financed Loan Amount

$199,660

Total Interest

$249,468

Total of Payments

$449,127

*Includes financed FHA Upfront MIP of $3,434

Local Market Insights

Drew County FHA Mortgage Overview

For Drew County homebuyers, the 10.20% average down payment on FHA loans provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life given the 89.80% LTV. This is ideal for those with sub-620 credit. The 0.52% effective property tax rate is low, but a recent 12.6% inflation-adjusted shift raises true monthly costs. When using an FHA mortgage calculator with property taxes, factor in this rising tax burden. Drew County FHA loan limits and tax calculators should account for the $218,513 average property value and 6.389% rate; the 100% primary occupancy rate confirms this data reflects standard homebuyers.

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.