Clay County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Clay County, KS Benchmarks

FHA averages

Typical Property Value$161,111

Average Down Payment11.5%

Average Interest Rate6.536%

Effective Tax Rate1.32%

Median Tax Paid$2,055/yr

Tax Growth (Historical)-3.3%

Based on 18 regional loans totaling $2,470,000 (HMDA database).

Home Price

Down Payment

$18,528 down · $142,583 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

$177 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$60 / month

Estimated Monthly Payment

$1,308/mo

Principal & Interest$921
Property Tax$177
Home Insurance$150
FHA MIP$60

Amortization · Remaining Balance

Financed Loan Amount

$145,078

Total Interest

$186,415

Total of Payments

$331,493

*Includes financed FHA Upfront MIP of $2,495

Local Market Insights

Clay County FHA Mortgage Overview

Clay County’s FHA data reveals an accessible entry point for owner-occupants, with an average 11.49% down payment on $161,111 homes. This lower barrier, combined with an 88.51% LTV, means mandatory MIP for the loan’s life—ideal for buyers with sub-620 credit. The effective 1.32% property tax rate is manageable, and the recent -3.3% inflation-adjusted shift slightly reduces monthly burdens. When evaluating an FHA loan with PMI and taxes in Clay County, KS, or exploring Clay County FHA loan limits and tax implications, note that the 6.536% rate keeps payments stable, though MIP is permanent.

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.