Lafayette County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Lafayette County, AR Benchmarks

FHA averages

Typical Property Value$121,000

Average Down Payment9.6%

Average Interest Rate6.167%

Effective Tax Rate0.39%

Median Tax Paid$494/yr

Tax Growth (Historical)+13.6%

Based on 5 regional loans totaling $515,000 (HMDA database).

Home Price

Down Payment

$11,616 down · $109,384 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

$39 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$46 / month

Estimated Monthly Payment

$915/mo

Principal & Interest$680
Property Tax$39
Home Insurance$150
FHA MIP$46

Amortization · Remaining Balance

Financed Loan Amount

$111,298

Total Interest

$133,322

Total of Payments

$244,621

*Includes financed FHA Upfront MIP of $1,914

Local Market Insights

Lafayette County FHA Mortgage Overview

For Lafayette County homebuyers, the 9.59% average down payment on an FHA loan provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 90.41% loan-to-value ratio, ideal for those with sub-620 credit. The effective property tax rate of 0.39% is low, yet the 13.6% inflation-adjusted tax increase will raise true monthly affordability costs. An FHA loan calculator with PMI and taxes in Lafayette County, AR must account for this permanent MIP burden. All data reflects 100% primary residences, not investments.

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.