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Ellis County FHA Loan Calculator

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

Loan Details

Ellis County, KS Benchmarks

FHA averages
Typical Property Value$262,959
Average Down Payment13.5%
Average Interest Rate6.381%
Effective Tax Rate1.12%
Median Tax Paid$2,682/yr
Tax Growth (Historical)+0.8%
Based on 49 regional loans totaling $11,045,000 (HMDA database).
$
%

$35,499 down · $227,460 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$245 / month

$

Annual premium

$

Per month

%

$96 / month

Estimated Monthly Payment

$1,937/mo

  • Principal & Interest$1,445
  • Property Tax$245
  • Home Insurance$150
  • FHA MIP$96
Amortization · Remaining Balance

Financed Loan Amount

$231,440

Total Interest

$288,631

Total of Payments

$520,071

*Includes financed FHA Upfront MIP of $3,981

Local Market Insights

Ellis County FHA Mortgage Overview

For Ellis County homebuyers using an FHA loan, the 13.53% down payment on a $262,959 property provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan due to the 86.47% loan-to-value ratio—ideal for those with sub-620 credit. The effective property tax rate of 1.12% adds roughly $245 monthly, and the recent 0.8% inflation-adjusted tax increase will further elevate true affordability. This data reflects 100% primary residence purchases, not investment properties, making an Ellis County FHA mortgage analysis with property taxes essential for budgeting.

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.