Decatur County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Decatur County, KS Benchmarks

FHA averages

Typical Property Value$125,909

Average Down Payment8.8%

Average Interest Rate6.733%

Effective Tax Rate1.51%

Median Tax Paid$1,604/yr

Tax Growth (Historical)+10.5%

Based on 11 regional loans totaling $1,265,000 (HMDA database).

Home Price

Down Payment

$11,080 down · $114,829 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

$158 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$49 / month

Estimated Monthly Payment

$1,113/mo

Principal & Interest$756
Property Tax$158
Home Insurance$150
FHA MIP$49

Amortization · Remaining Balance

Financed Loan Amount

$116,839

Total Interest

$155,415

Total of Payments

$272,254

*Includes financed FHA Upfront MIP of $2,010

Local Market Insights

Decatur County FHA Mortgage Overview

In Decatur County, the 8.75% down payment on an FHA loan creates accessible entry, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan's life due to the 91.25% loan-to-value ratio. This data, reflecting 100% owner-occupied purchases, shows FHA is ideal for buyers with sub-620 credit. The 1.51% effective property tax rate, coupled with a 10.5% inflation-adjusted tax increase, significantly raises true monthly affordability. When evaluating a Decatur County FHA loan with PMI and taxes, this tax shift must be factored into your budget alongside the low down payment.

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.