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Union County FHA Loan Calculator

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

Loan Details

Union County, AR Benchmarks

FHA averages
Typical Property Value$209,083
Average Down Payment9.2%
Average Interest Rate6.358%
Effective Tax Rate0.57%
Median Tax Paid$685/yr
Tax Growth (Historical)+0.5%
Based on 120 regional loans totaling $22,420,000 (HMDA database).
$
%

$19,236 down · $189,847 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$99 / month

$

Annual premium

$

Per month

%

$80 / month

Estimated Monthly Payment

$1,533/mo

  • Principal & Interest$1,203
  • Property Tax$99
  • Home Insurance$150
  • FHA MIP$80
Amortization · Remaining Balance

Financed Loan Amount

$193,170

Total Interest

$239,994

Total of Payments

$433,164

*Includes financed FHA Upfront MIP of $3,322

Local Market Insights

Union County FHA Mortgage Overview

In Union County, Arkansas, the 9.16% average down payment on FHA loans provides accessible entry for homebuyers, though the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life due to the 90.84% loan-to-value ratio. With a 6.358% interest rate and $209,083 average property value, this FHA option suits owner-occupants, often with sub-620 credit scores. The 0.57% effective property tax rate, adjusted upward by 0.5% for inflation, adds modest monthly cost. For precise affordability, consider an FHA loan calculator with PMI and taxes in Union County, AR, or review Union County FHA loan limits and tax details to gauge true monthly obligations.

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.