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Allen County FHA Loan Calculator

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

Loan Details

Allen County, KS Benchmarks

FHA averages
Typical Property Value$122,188
Average Down Payment7.8%
Average Interest Rate6.623%
Effective Tax Rate1.30%
Median Tax Paid$1,796/yr
Tax Growth (Historical)+5.0%
Based on 32 regional loans totaling $3,470,000 (HMDA database).
$
%

$9,531 down · $112,657 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$132 / month

$

Annual premium

$

Per month

%

$48 / month

Estimated Monthly Payment

$1,064/mo

  • Principal & Interest$734
  • Property Tax$132
  • Home Insurance$150
  • FHA MIP$48
Amortization · Remaining Balance

Financed Loan Amount

$114,629

Total Interest

$149,468

Total of Payments

$264,097

*Includes financed FHA Upfront MIP of $1,972

Local Market Insights

Allen County FHA Mortgage Overview

In Allen County, the 7.84% down payment on an FHA loan provides accessible entry for first-time buyers, though mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of equity. With a 92.16% loan-to-value ratio, this aligns with standard owner-occupied purchases. The 1.30% effective property tax rate, adjusted upward by 5.0% for inflation, adds roughly $132 annually to monthly costs. When using an Allen County FHA loan with PMI and taxes, this tax shift directly impacts true affordability. For buyers evaluating FHA loan limits and property taxes in Allen County, Kansas, the low down payment offsets the permanent MIP burden.

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.