Perry County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Perry County, AR Benchmarks

FHA averages

Typical Property Value$216,212

Average Down Payment11.7%

Average Interest Rate6.443%

Effective Tax Rate0.41%

Median Tax Paid$634/yr

Tax Growth (Historical)-8.5%

Based on 33 regional loans totaling $6,115,000 (HMDA database).

Home Price

Down Payment

$25,297 down · $190,915 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

$74 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$81 / month

Estimated Monthly Payment

$1,525/mo

Principal & Interest$1,220
Property Tax$74
Home Insurance$150
FHA MIP$81

Amortization · Remaining Balance

Financed Loan Amount

$194,256

Total Interest

$245,007

Total of Payments

$439,263

*Includes financed FHA Upfront MIP of $3,341

Local Market Insights

Perry County FHA Mortgage Overview

Perry County's FHA market reveals accessible entry despite an 11.65% down payment, which is higher than the typical 3.5% minimum. This suggests buyers are strategically reducing their loan balance, though mandatory Mortgage Insurance Premiums (MIP) remain for the loan’s life due to the 88.35% LTV. The 0.41% effective property tax rate is remarkably low, and the -8.5% inflation-adjusted tax change provides further monthly relief. For those exploring an FHA loan with PMI and taxes in Perry County, AR, this tax stability enhances affordability. All purchases are owner-occupied, reinforcing a stable, non-speculative market.

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.