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Callaway County FHA Loan Calculator

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

Loan Details

Callaway County, MO Benchmarks

FHA averages
Typical Property Value$252,542
Average Down Payment12.9%
Average Interest Rate6.438%
Effective Tax Rate0.66%
Median Tax Paid$1,548/yr
Tax Growth (Historical)-3.1%
Based on 179 regional loans totaling $38,225,000 (HMDA database).
$
%

$32,578 down · $219,964 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$139 / month

$

Annual premium

$

Per month

%

$93 / month

Estimated Monthly Payment

$1,788/mo

  • Principal & Interest$1,406
  • Property Tax$139
  • Home Insurance$150
  • FHA MIP$93
Amortization · Remaining Balance

Financed Loan Amount

$223,813

Total Interest

$282,287

Total of Payments

$506,100

*Includes financed FHA Upfront MIP of $3,849

Local Market Insights

Callaway County FHA Mortgage Overview

Callaway County FHA buyers leverage a 12.91% down payment on a $252,542 average property, providing accessible entry despite mandatory Mortgage Insurance Premiums (MIP) for the loan’s life. The 87.09% LTV ratio and 100% owner-occupancy confirm standard homebuyers, not investors. While MIP is permanent, the effective 0.66% property tax rate and a -3.1% inflation-adjusted tax shift lower monthly costs. For those seeking an FHA loan with PMI and taxes in Callaway County, MO, this tax relief improves true affordability. Remember, an FHA loan down payment in Callaway County, Missouri, does not allow MIP cancellation, making it ideal for sub-620 credit scores.

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.