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Izard County FHA Loan Calculator

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

Loan Details

Izard County, AR Benchmarks

FHA averages
Typical Property Value$260,789
Average Down Payment11.8%
Average Interest Rate6.212%
Effective Tax Rate0.51%
Median Tax Paid$731/yr
Tax Growth (Historical)-0.7%
Based on 38 regional loans totaling $8,300,000 (HMDA database).
$
%

$30,773 down · $230,016 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$111 / month

$

Annual premium

$

Per month

%

$98 / month

Estimated Monthly Payment

$1,793/mo

  • Principal & Interest$1,435
  • Property Tax$111
  • Home Insurance$150
  • FHA MIP$98
Amortization · Remaining Balance

Financed Loan Amount

$234,041

Total Interest

$282,540

Total of Payments

$516,582

*Includes financed FHA Upfront MIP of $4,025

Local Market Insights

Izard County FHA Mortgage Overview

For Izard County homebuyers using an FHA loan, the 11.83% average down payment provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of equity. With a median Loan-to-Value (LTV) of 88.17%, this data reflects 100% owner-occupied purchases, not investments. The 0.51% effective property tax rate, combined with a -0.7% inflation-adjusted decrease, slightly improves true monthly affordability. When evaluating an FHA loan with PMI and taxes in Izard County, AR, the low tax burden offsets the permanent MIP cost, making this market favorable for borrowers with sub-620 credit scores seeking stable primary residences.

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.