Montgomery County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Montgomery County, MO Benchmarks

FHA averages

Typical Property Value$225,857

Average Down Payment12.6%

Average Interest Rate6.399%

Effective Tax Rate0.58%

Median Tax Paid$1,351/yr

Tax Growth (Historical)+2.2%

Based on 35 regional loans totaling $6,675,000 (HMDA database).

Home Price

Down Payment

$28,458 down · $197,399 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

$109 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$84 / month

Estimated Monthly Payment

$1,599/mo

Principal & Interest$1,256
Property Tax$109
Home Insurance$150
FHA MIP$84

Amortization · Remaining Balance

Financed Loan Amount

$200,854

Total Interest

$251,433

Total of Payments

$452,286

*Includes financed FHA Upfront MIP of $3,454

Local Market Insights

Montgomery County FHA Mortgage Overview

In Montgomery County, the 12.60% average down payment on an FHA loan provides accessible entry for primary residence buyers, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—ideal for those with sub-620 credit. The 87.40% loan-to-value ratio confirms this is a low-equity start. With an effective property tax rate of 0.58% and a recent 2.2% inflation-adjusted increase, monthly affordability is modestly pressured. For an FHA loan with PMI and taxes in Montgomery County, MO, these factors directly shape your true housing 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.