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Linn County FHA Loan Calculator

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

Loan Details

Linn County, MO Benchmarks

FHA averages
Typical Property Value$157,571
Average Down Payment13.4%
Average Interest Rate6.825%
Effective Tax Rate0.70%
Median Tax Paid$888/yr
Tax Growth (Historical)-4.2%
Based on 36 regional loans totaling $4,830,000 (HMDA database).
$
%

$21,115 down · $136,456 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$92 / month

$

Annual premium

$

Per month

%

$58 / month

Estimated Monthly Payment

$1,208/mo

  • Principal & Interest$908
  • Property Tax$92
  • Home Insurance$150
  • FHA MIP$58
Amortization · Remaining Balance

Financed Loan Amount

$138,844

Total Interest

$188,013

Total of Payments

$326,858

*Includes financed FHA Upfront MIP of $2,388

Local Market Insights

Linn County FHA Mortgage Overview

For Linn County homebuyers, the 13.36% average down payment on FHA loans offers accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life, regardless of equity. The 86.64% loan-to-value ratio confirms typical FHA use, ideal for those with sub-620 credit. At a 6.825% rate on a $157,571 property, the effective 0.70% tax rate adds roughly $92 monthly. However, the recent -4.2% inflation-adjusted tax shift slightly eases long-term costs. This data reflects owner-occupied purchases only, ensuring your Linn County FHA loan down payment analysis aligns with local tax and PMI realities.

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.