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Cheyenne County FHA Loan Calculator

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

Loan Details

Cheyenne County, KS Benchmarks

FHA averages
Typical Property Value$211,667
Average Down Payment12.8%
Average Interest Rate6.688%
Effective Tax Rate1.35%
Median Tax Paid$1,636/yr
Tax Growth (Historical)-5.1%
Based on 6 regional loans totaling $1,050,000 (HMDA database).
$
%

$27,093 down · $184,574 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$238 / month

$

Annual premium

$

Per month

%

$78 / month

Estimated Monthly Payment

$1,677/mo

  • Principal & Interest$1,211
  • Property Tax$238
  • Home Insurance$150
  • FHA MIP$78
Amortization · Remaining Balance

Financed Loan Amount

$187,804

Total Interest

$248,016

Total of Payments

$435,820

*Includes financed FHA Upfront MIP of $3,230

Local Market Insights

Cheyenne County FHA Mortgage Overview

In Cheyenne County, the 12.79% average down payment on FHA loans provides accessible entry for primary residence buyers, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life due to the 87.21% LTV ratio. With an average property value of $211,667 and a 6.688% rate, the effective 1.35% property tax rate and recent -5.1% inflation-adjusted tax shift slightly improve monthly affordability. When evaluating an FHA mortgage with taxes in Cheyenne County, Kansas, this data confirms FHA loan limits here favor owner-occupants, though the permanent MIP requirement is a key cost factor for those considering down payment options.

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.