Mitchell County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Mitchell County, KS Benchmarks

FHA averages

Typical Property Value$137,857

Average Down Payment16.6%

Average Interest Rate6.900%

Effective Tax Rate1.49%

Median Tax Paid$2,217/yr

Tax Growth (Historical)+3.2%

Based on 14 regional loans totaling $1,440,000 (HMDA database).

Home Price

Down Payment

$22,884 down · $114,973 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

$171 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$49 / month

Estimated Monthly Payment

$1,140/mo

Principal & Interest$770
Property Tax$171
Home Insurance$150
FHA MIP$49

Amortization · Remaining Balance

Financed Loan Amount

$116,985

Total Interest

$160,381

Total of Payments

$277,366

*Includes financed FHA Upfront MIP of $2,012

Local Market Insights

Mitchell County FHA Mortgage Overview

For Mitchell County homebuyers using an FHA loan, the 16.61% down payment on a $137,857 property provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 83.39% loan-to-value ratio. This FHA loan with PMI and taxes in Mitchell County, KS, is ideal for those with sub-620 credit. The effective 1.49% property tax rate, with a 3.2% inflation-adjusted increase, raises monthly costs. These FHA loan limits and tax factors mean the true monthly burden is higher than the base payment, critical for Mitchell County FHA mortgage planning.

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.