Hughes County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Hughes County, OK Benchmarks

FHA averages

Typical Property Value$174,231

Average Down Payment12.7%

Average Interest Rate6.494%

Effective Tax Rate0.54%

Median Tax Paid$615/yr

Tax Growth (Historical)+2.9%

Based on 39 regional loans totaling $5,685,000 (HMDA database).

Home Price

Down Payment

$22,127 down · $152,104 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

$78 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$64 / month

Estimated Monthly Payment

$1,270/mo

Principal & Interest$977
Property Tax$78
Home Insurance$150
FHA MIP$64

Amortization · Remaining Balance

Financed Loan Amount

$154,765

Total Interest

$197,029

Total of Payments

$351,794

*Includes financed FHA Upfront MIP of $2,662

Local Market Insights

Hughes County FHA Mortgage Overview

For Hughes County homebuyers, the 12.66% average down payment on an FHA loan provides accessible entry, though it mandates Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity. The 87.34% Loan-to-Value ratio reflects this, ideal for those with sub-620 credit scores. With an average property value of $174,230.77 and a 6.494% rate, monthly costs are manageable, but the 0.54% effective tax rate has shifted 2.9% after inflation, impacting true affordability. This FHA loan data, reflecting 100% owner-occupied purchases, helps buyers evaluate down payment and tax scenarios in Hughes County, Oklahoma.

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.