Clark County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Clark County, KS Benchmarks

FHA averages

Typical Property Value$191,000

Average Down Payment5.1%

Average Interest Rate6.083%

Effective Tax Rate1.05%

Median Tax Paid$1,699/yr

Tax Growth (Historical)+2.4%

Based on 5 regional loans totaling $905,000 (HMDA database).

Home Price

Down Payment

$9,741 down · $181,259 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

$167 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$77 / month

Estimated Monthly Payment

$1,509/mo

Principal & Interest$1,115
Property Tax$167
Home Insurance$150
FHA MIP$77

Amortization · Remaining Balance

Financed Loan Amount

$184,431

Total Interest

$217,063

Total of Payments

$401,494

*Includes financed FHA Upfront MIP of $3,172

Local Market Insights

Clark County FHA Mortgage Overview

For Clark County, KS homebuyers, the average 5.13% down payment on an FHA loan provides accessible entry, but the 94.87% Loan-to-Value ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of equity growth. This is ideal for those with sub-620 credit scores seeking an FHA loan with PMI and taxes. With a 1.05% effective tax rate and a 2.4% inflation-adjusted increase, true monthly affordability is impacted. All data reflects owner-occupied purchases, not investments, making this a low-risk, 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.