Ouachita County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Ouachita County, AR Benchmarks

FHA averages

Typical Property Value$180,631

Average Down Payment12.1%

Average Interest Rate6.508%

Effective Tax Rate0.33%

Median Tax Paid$525/yr

Tax Growth (Historical)+1.9%

Based on 103 regional loans totaling $15,885,000 (HMDA database).

Home Price

Down Payment

$21,856 down · $158,775 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$50 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$67 / month

Estimated Monthly Payment

$1,289/mo

Principal & Interest$1,022
Property Tax$50
Home Insurance$150
FHA MIP$67

Amortization · Remaining Balance

Financed Loan Amount

$161,553

Total Interest

$206,435

Total of Payments

$367,988

*Includes financed FHA Upfront MIP of $2,779

Local Market Insights

Ouachita County FHA Mortgage Overview

In Ouachita County, the 12.05% average down payment on an FHA loan provides accessible entry for owner-occupants, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of equity. The 87.95% Loan-to-Value ratio confirms limited equity, ideal for buyers with sub-620 credit. With a 0.33% effective property tax rate and a 1.9% inflation-adjusted increase, monthly affordability is stable but sensitive to local shifts. For accurate budgeting of an FHA mortgage with PMI and taxes in Ouachita County, AR, these parameters define true costs.

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.