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Scott County FHA Loan Calculator

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

Loan Details

Scott County, AR Benchmarks

FHA averages
Typical Property Value$207,692
Average Down Payment2.4%
Average Interest Rate6.212%
Effective Tax Rate0.37%
Median Tax Paid$500/yr
Tax Growth (Historical)+6.4%
Based on 26 regional loans totaling $5,030,000 (HMDA database).
$
%

$4,985 down · $202,707 financed

FHA loans require a minimum of 3.5% down payment (or matching dollar amount).

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$64 / month

$

Annual premium

$

Per month

%

$95 / month

Estimated Monthly Payment

$1,573/mo

  • Principal & Interest$1,265
  • Property Tax$64
  • Home Insurance$150
  • FHA MIP$95
Amortization · Remaining Balance

Financed Loan Amount

$206,255

Total Interest

$248,996

Total of Payments

$455,251

*Includes financed FHA Upfront MIP of $3,547

Local Market Insights

Scott County FHA Mortgage Overview

Scott County's FHA market is defined by exceptional accessibility, with a 2.40% down payment and a 97.60% loan-to-value ratio. This low entry point is ideal for buyers with sub-620 credit scores, though it mandates Mortgage Insurance Premiums (MIP) for the loan's lifetime. The 6.212% interest rate on a $207,692 average property yields a manageable monthly cost. The effective 0.37% property tax rate is low, but a recent 6.4% inflation-adjusted tax increase will gradually raise monthly obligations. For Scott County FHA loan options with PMI and taxes, this data confirms that while upfront costs are minimal, long-term affordability requires accounting for permanent MIP and rising local taxes on this 100% owner-occupied market.

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.