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Monroe County FHA Loan Calculator

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

Loan Details

Monroe County, AR Benchmarks

FHA averages
Typical Property Value$167,000
Average Down Payment22.5%
Average Interest Rate6.250%
Effective Tax Rate0.14%
Median Tax Paid$456/yr
Tax Growth (Historical)+9.2%
Based on 15 regional loans totaling $1,745,000 (HMDA database).
$
%

$37,575 down · $129,425 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$19 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,035/mo

  • Principal & Interest$811
  • Property Tax$19
  • Home Insurance$150
  • FHA MIP$55
Amortization · Remaining Balance

Financed Loan Amount

$131,690

Total Interest

$160,212

Total of Payments

$291,902

*Includes financed FHA Upfront MIP of $2,265

Local Market Insights

Monroe County FHA Mortgage Overview

For Monroe County homebuyers utilizing an FHA loan, the 22.53% average down payment and 77.47% loan-to-value (LTV) ratio indicate strong upfront equity. However, FHA mortgage insurance premiums (MIP) remain mandatory for the loan’s life, regardless of this down payment, making this structure ideal for those with sub-620 credit scores. The effective property tax rate is remarkably low at 0.14%, but the recent 9.2% inflation-adjusted tax increase will raise monthly costs. When evaluating an FHA loan with PMI and taxes in Monroe County, AR, these factors directly impact true affordability for primary residences.

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.