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Finney County FHA Loan Calculator

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

Loan Details

Finney County, KS Benchmarks

FHA averages
Typical Property Value$248,889
Average Down Payment7.9%
Average Interest Rate6.426%
Effective Tax Rate1.36%
Median Tax Paid$2,900/yr
Tax Growth (Historical)+2.9%
Based on 108 regional loans totaling $24,380,000 (HMDA database).
$
%

$19,662 down · $229,227 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$282 / month

$

Annual premium

$

Per month

%

$97 / month

Estimated Monthly Payment

$1,993/mo

  • Principal & Interest$1,464
  • Property Tax$282
  • Home Insurance$150
  • FHA MIP$97
Amortization · Remaining Balance

Financed Loan Amount

$233,238

Total Interest

$293,623

Total of Payments

$526,861

*Includes financed FHA Upfront MIP of $4,011

Local Market Insights

Finney County FHA Mortgage Overview

In Finney County, the FHA loan data reveals a market built for accessible entry. The 7.88% down payment and 92.12% loan-to-value ratio allow buyers to purchase with a lower upfront cost, making it ideal for those with sub-620 credit scores. However, this FHA loan with PMI and taxes in Finney County, KS, requires mandatory Mortgage Insurance Premiums (MIP) for the entire loan term, a key cost to factor. The effective 1.36% property tax rate, rising 2.9% with inflation, adds significant monthly expense. For an accurate Finney County FHA mortgage calculator with property taxes, understanding that MIP is permanent is crucial for assessing true affordability in this owner-occupied market.

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.