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Clay County FHA Loan Calculator

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

Loan Details

Clay County, MO Benchmarks

FHA averages
Typical Property Value$307,511
Average Down Payment10.8%
Average Interest Rate6.346%
Effective Tax Rate1.06%
Median Tax Paid$2,941/yr
Tax Growth (Historical)+1.3%
Based on 1,159 regional loans totaling $311,675,000 (HMDA database).
$
%

$33,211 down · $274,300 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$272 / month

$

Annual premium

$

Per month

%

$116 / month

Estimated Monthly Payment

$2,275/mo

  • Principal & Interest$1,737
  • Property Tax$272
  • Home Insurance$150
  • FHA MIP$116
Amortization · Remaining Balance

Financed Loan Amount

$279,100

Total Interest

$346,098

Total of Payments

$625,198

*Includes financed FHA Upfront MIP of $4,800

Local Market Insights

Clay County FHA Mortgage Overview

For Clay County homebuyers, the 10.84% average down payment on an FHA loan provides accessible entry, but note that Mortgage Insurance Premiums (MIP) are mandatory for the loan’s life, regardless of equity. With an 89.16% Loan-to-Value ratio and 100% primary occupancy, this data reflects standard owner-occupants. The 1.06% effective property tax rate, coupled with a 1.3% inflation-adjusted increase, directly impacts monthly affordability. When using a Clay County FHA mortgage tool with property taxes, factor in this persistent MIP cost and tax shift to gauge true long-term expense.

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.