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Cleburne County FHA Loan Calculator

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

Loan Details

Cleburne County, AR Benchmarks

FHA averages
Typical Property Value$225,000
Average Down Payment11.3%
Average Interest Rate6.321%
Effective Tax Rate0.47%
Median Tax Paid$815/yr
Tax Growth (Historical)-2.9%
Based on 90 regional loans totaling $17,310,000 (HMDA database).
$
%

$25,425 down · $199,575 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$88 / month

$

Annual premium

$

Per month

%

$85 / month

Estimated Monthly Payment

$1,582/mo

  • Principal & Interest$1,260
  • Property Tax$88
  • Home Insurance$150
  • FHA MIP$85
Amortization · Remaining Balance

Financed Loan Amount

$203,068

Total Interest

$250,382

Total of Payments

$453,449

*Includes financed FHA Upfront MIP of $3,493

Local Market Insights

Cleburne County FHA Mortgage Overview

Cleburne County’s FHA market reveals accessible entry for owner-occupants at an 11.28% down payment and 88.72% LTV, ideal for buyers with sub-620 credit. However, FHA requires lifetime Mortgage Insurance Premiums (MIP), adding to monthly costs. The 0.47% effective tax rate is low, and the -2.9% inflation-adjusted change provides slight relief. When using an FHA loan down payment analysis for Cleburne County, AR, combining this tax benefit with the 6.321% rate and mandatory MIP shapes true affordability. The 100% primary occupancy rate confirms these are standard homebuyers, not investors.

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.