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Butler County FHA Loan Calculator

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

Loan Details

Butler County, KS Benchmarks

FHA averages
Typical Property Value$249,517
Average Down Payment10.3%
Average Interest Rate6.404%
Effective Tax Rate1.47%
Median Tax Paid$3,177/yr
Tax Growth (Historical)+5.6%
Based on 291 regional loans totaling $63,405,000 (HMDA database).
$
%

$25,700 down · $223,817 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$306 / month

$

Annual premium

$

Per month

%

$95 / month

Estimated Monthly Payment

$1,975/mo

  • Principal & Interest$1,424
  • Property Tax$306
  • Home Insurance$150
  • FHA MIP$95
Amortization · Remaining Balance

Financed Loan Amount

$227,734

Total Interest

$285,082

Total of Payments

$512,815

*Includes financed FHA Upfront MIP of $3,917

Local Market Insights

Butler County FHA Mortgage Overview

Butler County FHA buyers are leveraging a 10.30% down payment on an average $249,517 property, providing accessible entry. However, with an 89.70% LTV, mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, a key factor for those considering an FHA loan with PMI and taxes in Butler County, KS. The effective property tax rate of 1.47% and a 5.6% inflation-adjusted increase elevate monthly carrying costs. This data, reflecting 100% owner-occupied purchases, underscores that while the down payment is low, the total tax burden and permanent MIP make Butler County FHA mortgage costs higher than the principal and interest alone suggest.

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.