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Bourbon County FHA Loan Calculator

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

Loan Details

Bourbon County, KS Benchmarks

FHA averages
Typical Property Value$183,158
Average Down Payment9.9%
Average Interest Rate6.482%
Effective Tax Rate1.35%
Median Tax Paid$1,789/yr
Tax Growth (Historical)-3.4%
Based on 38 regional loans totaling $6,130,000 (HMDA database).
$
%

$18,133 down · $165,025 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$206 / month

$

Annual premium

$

Per month

%

$70 / month

Estimated Monthly Payment

$1,485/mo

  • Principal & Interest$1,059
  • Property Tax$206
  • Home Insurance$150
  • FHA MIP$70
Amortization · Remaining Balance

Financed Loan Amount

$167,913

Total Interest

$213,369

Total of Payments

$381,283

*Includes financed FHA Upfront MIP of $2,888

Local Market Insights

Bourbon County FHA Mortgage Overview

Bourbon County homebuyers using FHA loans are accessing the market with a 9.92% down payment and a 90.08% loan-to-value ratio, which is advantageous for those with sub-620 credit scores. However, this FHA structure mandates Mortgage Insurance Premiums for the loan’s entire life, a key factor when evaluating an FHA loan calculator with PMI and taxes in Bourbon County, KS. The effective 1.35% property tax rate, combined with a -3.4% inflation-adjusted tax decline, slightly improves monthly affordability. For those using a Bourbon County FHA mortgage calculator with property taxes, note that 100% of purchases are owner-occupied, reinforcing this as a stable primary residence 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.