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St. Louis City FHA Loan Calculator

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

Loan Details

St. Louis city, MO Benchmarks

FHA averages
Typical Property Value$229,176
Average Down Payment9.6%
Average Interest Rate6.382%
Effective Tax Rate1.03%
Median Tax Paid$2,033/yr
Tax Growth (Historical)+1.9%
Based on 651 regional loans totaling $130,865,000 (HMDA database).
$
%

$22,001 down · $207,175 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$197 / month

$

Annual premium

$

Per month

%

$88 / month

Estimated Monthly Payment

$1,750/mo

  • Principal & Interest$1,316
  • Property Tax$197
  • Home Insurance$150
  • FHA MIP$88
Amortization · Remaining Balance

Financed Loan Amount

$210,801

Total Interest

$262,891

Total of Payments

$473,692

*Includes financed FHA Upfront MIP of $3,626

Local Market Insights

St. Louis city FHA Mortgage Overview

For St. Louis city homebuyers using an FHA loan, the 9.61% average down payment provides accessible entry, but note that the mandatory Mortgage Insurance Premium (MIP) is required for the life of the loan, even with this equity. The high 90.39% loan-to-value ratio reflects this standard, ideal for buyers with sub-620 credit. With a 1.03% effective property tax rate and a 1.9% inflation-adjusted increase, your true monthly affordability will be impacted. When evaluating an FHA mortgage with property taxes in St. Louis city, remember that the MIP is permanent, making it crucial to factor this into your long-term budget.

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.