Coffey County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Coffey County, KS Benchmarks

FHA averages

Typical Property Value$180,185

Average Down Payment11.0%

Average Interest Rate6.375%

Effective Tax Rate0.91%

Median Tax Paid$1,717/yr

Tax Growth (Historical)+2.9%

Based on 27 regional loans totaling $4,235,000 (HMDA database).

Home Price

Down Payment

$19,820 down · $160,365 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$137 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$68 / month

Estimated Monthly Payment

$1,373/mo

Principal & Interest$1,019
Property Tax$137
Home Insurance$150
FHA MIP$68

Amortization · Remaining Balance

Financed Loan Amount

$163,171

Total Interest

$203,492

Total of Payments

$366,663

*Includes financed FHA Upfront MIP of $2,806

Local Market Insights

Coffey County FHA Mortgage Overview

In Coffey County, FHA buyers leverage an 11.03% down payment on a typical $180,185 property, providing accessible entry despite mandatory Mortgage Insurance Premiums (MIP) for the loan’s life due to the 88.97% loan-to-value ratio. This MIP requirement is a fixed cost, ideal for those with sub-620 credit scores. The 0.91% effective property tax rate, adjusted upward by 2.9% for inflation, adds roughly $136 monthly to true affordability. All data reflects 100% owner-occupied purchases, not investments.

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.