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Montgomery County FHA Loan Calculator

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

Loan Details

Montgomery County, AR Benchmarks

FHA averages
Typical Property Value$225,000
Average Down Payment13.3%
Average Interest Rate6.627%
Effective Tax Rate0.32%
Median Tax Paid$479/yr
Tax Growth (Historical)-11.0%
Based on 11 regional loans totaling $2,055,000 (HMDA database).
$
%

$29,925 down · $195,075 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$60 / month

$

Annual premium

$

Per month

%

$83 / month

Estimated Monthly Payment

$1,564/mo

  • Principal & Interest$1,272
  • Property Tax$60
  • Home Insurance$150
  • FHA MIP$83
Amortization · Remaining Balance

Financed Loan Amount

$198,489

Total Interest

$259,288

Total of Payments

$457,777

*Includes financed FHA Upfront MIP of $3,414

Local Market Insights

Montgomery County FHA Mortgage Overview

For Montgomery County homebuyers, the 13.33% average down payment on an FHA loan provides accessible entry, but note that FHA requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life regardless of equity. With a high 86.67% Loan-to-Value (LTV) ratio and 100% primary occupancy, this data reflects standard owner-occupied purchases. The low 0.32% property tax rate, coupled with an 11.0% inflation-adjusted tax decrease, significantly boosts monthly affordability. When evaluating an FHA mortgage with property taxes, this tax relief offsets some of the MIP burden, making Montgomery County FHA loan limits particularly attractive for buyers with sub-620 credit scores.

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.