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Grant County FHA Loan Calculator

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

Loan Details

Grant County, AR Benchmarks

FHA averages
Typical Property Value$253,000
Average Down Payment12.1%
Average Interest Rate6.387%
Effective Tax Rate0.52%
Median Tax Paid$880/yr
Tax Growth (Historical)+1.6%
Based on 105 regional loans totaling $23,085,000 (HMDA database).
$
%

$30,613 down · $222,387 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$110 / month

$

Annual premium

$

Per month

%

$94 / month

Estimated Monthly Payment

$1,768/mo

  • Principal & Interest$1,414
  • Property Tax$110
  • Home Insurance$150
  • FHA MIP$94
Amortization · Remaining Balance

Financed Loan Amount

$226,279

Total Interest

$282,727

Total of Payments

$509,006

*Includes financed FHA Upfront MIP of $3,892

Local Market Insights

Grant County FHA Mortgage Overview

For homebuyers in Grant County, Arkansas, the data reveals a market favoring accessible entry via FHA loans. The 12.08% down payment and 87.92% loan-to-value (LTV) ratio confirm this, yet mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, a key consideration for those using an FHA loan down payment approach. The 0.52% effective property tax rate, with a 1.6% inflation-adjusted increase, adds modestly to monthly costs. This data, reflecting 100% primary occupancy, indicates a stable, owner-occupied market where understanding FHA loan limits and property tax impacts is crucial for accurate budgeting.

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.