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Morris County FHA Loan Calculator

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

Loan Details

Morris County, KS Benchmarks

FHA averages
Typical Property Value$190,625
Average Down Payment18.4%
Average Interest Rate6.496%
Effective Tax Rate1.44%
Median Tax Paid$1,898/yr
Tax Growth (Historical)-1.5%
Based on 16 regional loans totaling $2,220,000 (HMDA database).
$
%

$35,075 down · $155,550 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$229 / month

$

Annual premium

$

Per month

%

$66 / month

Estimated Monthly Payment

$1,445/mo

  • Principal & Interest$1,000
  • Property Tax$229
  • Home Insurance$150
  • FHA MIP$66
Amortization · Remaining Balance

Financed Loan Amount

$158,272

Total Interest

$201,867

Total of Payments

$360,139

*Includes financed FHA Upfront MIP of $2,722

Local Market Insights

Morris County FHA Mortgage Overview

For Morris County FHA buyers, the 18.43% down payment is notably high for an FHA loan, reducing initial risk. However, FHA Mortgage Insurance Premiums (MIP) remain for the loan's life, regardless of the down payment size. With an 81.57% loan-to-value ratio and 100% owner-occupied data, this market favors buyers with sub-620 credit scores seeking lower monthly principal. The 1.44% effective property tax rate, combined with a -1.5% inflation-adjusted decrease, slightly improves true monthly affordability. When evaluating an FHA loan with PMI and taxes in Morris County, KS, these lower taxes offset some MIP costs. Morris County FHA loan limits and tax trends suggest stable, accessible entry for primary residences.

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.