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Clay County FHA Loan Calculator

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

Loan Details

Clay County, AR Benchmarks

FHA averages
Typical Property Value$156,333
Average Down Payment12.5%
Average Interest Rate6.474%
Effective Tax Rate0.46%
Median Tax Paid$470/yr
Tax Growth (Historical)-0.7%
Based on 60 regional loans totaling $7,940,000 (HMDA database).
$
%

$19,542 down · $136,791 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$60 / month

$

Annual premium

$

Per month

%

$58 / month

Estimated Monthly Payment

$1,145/mo

  • Principal & Interest$877
  • Property Tax$60
  • Home Insurance$150
  • FHA MIP$58
Amortization · Remaining Balance

Financed Loan Amount

$139,185

Total Interest

$176,535

Total of Payments

$315,720

*Includes financed FHA Upfront MIP of $2,394

Local Market Insights

Clay County FHA Mortgage Overview

Clay County homebuyers using an FHA loan benefit from a low 12.54% down payment, providing accessible entry despite the mandatory Mortgage Insurance Premium (MIP) required for the loan's life. With an 87.46% loan-to-value ratio and 100% owner-occupied purchases, this market favors buyers with sub-620 credit scores. The 0.46% effective property tax rate, coupled with a -0.7% inflation-adjusted tax decline, improves monthly affordability. For precise budgeting with an FHA loan down payment in Clay County, AR, consider how PMI and property taxes influence your total housing cost. Understanding Clay County FHA loan limits and tax impacts is essential for long-term planning.

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.