Lane County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Lane County, KS Benchmarks

FHA averages

Typical Property Value$155,000

Average Down Payment3.5%

Average Interest Rate6.500%

Effective Tax Rate1.37%

Median Tax Paid$1,680/yr

Tax Growth (Historical)-4.6%

Based on 1 regional loans totaling $145,000 (HMDA database).

Home Price

Down Payment

$5,425 down · $149,575 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

$70 / month

Estimated Monthly Payment

$1,359/mo

Principal & Interest$962
Property Tax$177
Home Insurance$150
FHA MIP$70

Amortization · Remaining Balance

Financed Loan Amount

$152,193

Total Interest

$194,113

Total of Payments

$346,306

*Includes financed FHA Upfront MIP of $2,618

Local Market Insights

Lane County FHA Mortgage Overview

In Lane County, the FHA loan data reveals a market favoring first-time buyers. With a 3.50% down payment and a 96.50% loan-to-value ratio, entry is accessible, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, ideal for those with sub-620 credit. The effective property tax rate of 1.37% and a -4.6% inflation-adjusted tax change slightly improve monthly affordability for an FHA mortgage with PMI and taxes. All buyers are owner-occupants, ensuring this Lane County FHA loan data reflects primary residences, not investments.

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.