Marion County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Marion County, MO Benchmarks

FHA averages

Typical Property Value$201,092

Average Down Payment10.7%

Average Interest Rate6.378%

Effective Tax Rate0.75%

Median Tax Paid$1,335/yr

Tax Growth (Historical)-5.7%

Based on 87 regional loans totaling $15,225,000 (HMDA database).

Home Price

Down Payment

$21,517 down · $179,575 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$126 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$76 / month

Estimated Monthly Payment

$1,492/mo

Principal & Interest$1,141
Property Tax$126
Home Insurance$150
FHA MIP$76

Amortization · Remaining Balance

Financed Loan Amount

$182,718

Total Interest

$227,869

Total of Payments

$410,587

*Includes financed FHA Upfront MIP of $3,143

Local Market Insights

Marion County FHA Mortgage Overview

In Marion County, the 10.70% average down payment on an FHA loan provides accessible entry for owner-occupants, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 89.30% LTV ratio. This FHA loan with PMI and taxes structure is ideal for buyers with sub-620 credit. The 0.75% effective property tax rate, coupled with a recent -5.7% inflation-adjusted tax shift, lowers true monthly affordability. When evaluating Marion County FHA loan limits and tax impacts, this tax relief partially offsets the ongoing MIP cost, making the market favorable for primary residence purchasers.

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.