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Mayes County FHA Loan Calculator

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

Loan Details

Mayes County, OK Benchmarks

FHA averages
Typical Property Value$226,703
Average Down Payment9.9%
Average Interest Rate6.362%
Effective Tax Rate0.60%
Median Tax Paid$1,222/yr
Tax Growth (Historical)+2.8%
Based on 182 regional loans totaling $36,240,000 (HMDA database).
$
%

$22,444 down · $204,259 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$113 / month

$

Annual premium

$

Per month

%

$87 / month

Estimated Monthly Payment

$1,645/mo

  • Principal & Interest$1,295
  • Property Tax$113
  • Home Insurance$150
  • FHA MIP$87
Amortization · Remaining Balance

Financed Loan Amount

$207,834

Total Interest

$258,213

Total of Payments

$466,047

*Includes financed FHA Upfront MIP of $3,575

Local Market Insights

Mayes County FHA Mortgage Overview

For Mayes County homebuyers, the 9.87% average down payment on an FHA loan highlights accessible entry, but the mandatory Mortgage Insurance Premium (MIP) is required for the loan’s life, regardless of equity. With a 90.13% Loan-to-Value ratio and 100% owner-occupancy, this data reflects primary residences. The effective property tax rate of 0.60%, adjusted for 2.8% inflation, adds modest monthly costs. When using an FHA loan down payment tool in Mayes County, Oklahoma, or analyzing Mayes County FHA loan limits and tax impacts, factor in the 6.362% interest rate and permanent MIP for true affordability.

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.