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Phillips County FHA Loan Calculator

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

Loan Details

Phillips County, CO Benchmarks

FHA averages
Typical Property Value$248,182
Average Down Payment6.2%
Average Interest Rate6.381%
Effective Tax Rate0.50%
Median Tax Paid$1,456/yr
Tax Growth (Historical)+11.8%
Based on 22 regional loans totaling $4,970,000 (HMDA database).
$
%

$15,387 down · $232,795 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$103 / month

$

Annual premium

$

Per month

%

$99 / month

Estimated Monthly Payment

$1,831/mo

  • Principal & Interest$1,479
  • Property Tax$103
  • Home Insurance$150
  • FHA MIP$99
Amortization · Remaining Balance

Financed Loan Amount

$236,869

Total Interest

$295,401

Total of Payments

$532,270

*Includes financed FHA Upfront MIP of $4,074

Local Market Insights

Phillips County FHA Mortgage Overview

In Phillips County, the 6.21% weighted average down payment for FHA loans provides accessible entry for owner-occupants, as 100% of buyers are purchasing primary residences. However, with a 93.79% LTV ratio, the mandatory MIP lasts the loan's life, a key factor when considering an FHA loan calculator with PMI and taxes in Phillips County, CO. The 0.50% effective property tax rate is manageable, but the 11.8% inflation-adjusted increase will raise monthly escrow payments. Given the average property value of $248,181.82 and a 6.381% rate, homebuyers using an FHA loan down payment calculator in Phillips County, Colorado must account for this permanent MIP cost alongside long-term tax growth.

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.