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Franklin County FHA Loan Calculator

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

Loan Details

Franklin County, AR Benchmarks

FHA averages
Typical Property Value$215,930
Average Down Payment14.8%
Average Interest Rate6.224%
Effective Tax Rate0.54%
Median Tax Paid$645/yr
Tax Growth (Historical)+4.6%
Based on 86 regional loans totaling $15,040,000 (HMDA database).
$
%

$31,958 down · $183,972 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$97 / month

$

Annual premium

$

Per month

%

$78 / month

Estimated Monthly Payment

$1,474/mo

  • Principal & Interest$1,149
  • Property Tax$97
  • Home Insurance$150
  • FHA MIP$78
Amortization · Remaining Balance

Financed Loan Amount

$187,192

Total Interest

$226,420

Total of Payments

$413,612

*Includes financed FHA Upfront MIP of $3,220

Local Market Insights

Franklin County FHA Mortgage Overview

In Franklin County, the 14.82% average down payment on an FHA loan provides accessible entry for buyers, but the 85.18% loan-to-value ratio confirms mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—ideal for those with sub-620 credit. With an average property value of $215,930.23 and an interest rate of 6.224%, your true monthly affordability is impacted by the 0.54% effective property tax rate, which has seen a 4.6% inflation-adjusted increase. For precise figures, consider an FHA loan calculator with PMI and taxes in Franklin County, AR, or a Franklin County FHA loan limits and tax analysis to understand your total cost.

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.