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Barry County FHA Loan Calculator

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

Loan Details

Barry County, MO Benchmarks

FHA averages
Typical Property Value$229,567
Average Down Payment14.5%
Average Interest Rate6.468%
Effective Tax Rate0.46%
Median Tax Paid$988/yr
Tax Growth (Historical)-3.0%
Based on 127 regional loans totaling $23,745,000 (HMDA database).
$
%

$33,287 down · $196,280 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$88 / month

$

Annual premium

$

Per month

%

$83 / month

Estimated Monthly Payment

$1,580/mo

  • Principal & Interest$1,258
  • Property Tax$88
  • Home Insurance$150
  • FHA MIP$83
Amortization · Remaining Balance

Financed Loan Amount

$199,715

Total Interest

$253,307

Total of Payments

$453,022

*Includes financed FHA Upfront MIP of $3,435

Local Market Insights

Barry County FHA Mortgage Overview

In Barry County, the 14.50% average down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of equity. The 85.50% median Loan-to-Value ratio confirms this is a standard owner-occupied purchase. With an effective property tax rate of 0.46% and a recent inflation-adjusted tax decrease of -3.0%, monthly affordability is slightly improved. For buyers exploring FHA loan limits and property taxes in Barry County, Missouri, the lower tax burden helps offset the permanent MIP cost.

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.