Prairie County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Prairie County, AR Benchmarks

FHA averages

Typical Property Value$169,500

Average Down Payment11.4%

Average Interest Rate6.416%

Effective Tax Rate0.57%

Median Tax Paid$696/yr

Tax Growth (Historical)+25.3%

Based on 20 regional loans totaling $2,990,000 (HMDA database).

Home Price

Down Payment

$19,323 down · $150,177 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

$81 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$64 / month

Estimated Monthly Payment

$1,252/mo

Principal & Interest$958
Property Tax$81
Home Insurance$150
FHA MIP$64

Amortization · Remaining Balance

Financed Loan Amount

$152,805

Total Interest

$192,005

Total of Payments

$344,810

*Includes financed FHA Upfront MIP of $2,628

Local Market Insights

Prairie County FHA Mortgage Overview

Prairie County homebuyers using an FHA loan benefit from the accessible 11.42% down payment, which is lower than conventional requirements. However, with the median LTV at 88.58%, the mandatory Mortgage Insurance Premium (MIP) applies for the loan's life, regardless of equity—ideal for those with sub-620 credit. The 0.57% property tax rate is moderate, but the recent 25.3% inflation-adjusted tax increase notably impacts monthly affordability. For an FHA loan with PMI and taxes in Prairie County, AR, this means careful budgeting is essential, especially when evaluating down payment strategies and local loan limits.

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.