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Washington County FHA Loan Calculator

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

Loan Details

Washington County, OK Benchmarks

FHA averages
Typical Property Value$204,190
Average Down Payment9.8%
Average Interest Rate6.465%
Effective Tax Rate0.87%
Median Tax Paid$1,558/yr
Tax Growth (Historical)+0.4%
Based on 210 regional loans totaling $38,020,000 (HMDA database).
$
%

$20,011 down · $184,179 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$148 / month

$

Annual premium

$

Per month

%

$78 / month

Estimated Monthly Payment

$1,556/mo

  • Principal & Interest$1,180
  • Property Tax$148
  • Home Insurance$150
  • FHA MIP$78
Amortization · Remaining Balance

Financed Loan Amount

$187,403

Total Interest

$237,248

Total of Payments

$424,651

*Includes financed FHA Upfront MIP of $3,223

Local Market Insights

Washington County FHA Mortgage Overview

For Washington County homebuyers utilizing FHA financing, the 9.79% average down payment and 90.21% LTV ratio offer accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, even with this equity level. The effective 0.87% property tax rate, with a recent inflation-adjusted 0.4% shift, adds modest monthly cost. Analyzing Washington County FHA loan limits and tax impacts reveals that while the $204,190 average property value requires a lower upfront investment, the permanent MIP makes this ideal for buyers with sub-620 credit seeking primary residences. Understanding FHA loan down payment dynamics with PMI and taxes in Washington County, OK is crucial 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.