Lee County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Lee County, AR Benchmarks

FHA averages

Typical Property Value$144,000

Average Down Payment5.6%

Average Interest Rate6.561%

Effective Tax Rate0.24%

Median Tax Paid$349/yr

Tax Growth (Historical)-17.2%

Based on 10 regional loans totaling $1,310,000 (HMDA database).

Home Price

Down Payment

$8,064 down · $135,936 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

$29 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$58 / month

Estimated Monthly Payment

$1,116/mo

Principal & Interest$880
Property Tax$29
Home Insurance$150
FHA MIP$58

Amortization · Remaining Balance

Financed Loan Amount

$138,315

Total Interest

$178,380

Total of Payments

$316,695

*Includes financed FHA Upfront MIP of $2,379

Local Market Insights

Lee County FHA Mortgage Overview

For Lee County homebuyers seeking an FHA loan, the 5.59% average down payment and 94.41% loan-to-value ratio provide accessible entry, but require mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for those with sub-620 credit. The effective property tax rate is a low 0.24%, and the recent inflation-adjusted tax change of -17.2% reduces monthly carrying costs, improving true affordability. This local FHA loan down payment data in Lee County, AR, combined with the 100% primary occupancy rate, confirms a stable owner-occupied market where property tax burdens are declining.

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.