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Franklin County FHA Loan Calculator

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

Loan Details

Franklin County, KS Benchmarks

FHA averages
Typical Property Value$247,485
Average Down Payment10.9%
Average Interest Rate6.461%
Effective Tax Rate1.31%
Median Tax Paid$2,810/yr
Tax Growth (Historical)-0.4%
Based on 169 regional loans totaling $35,835,000 (HMDA database).
$
%

$26,976 down · $220,509 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$270 / month

$

Annual premium

$

Per month

%

$93 / month

Estimated Monthly Payment

$1,926/mo

  • Principal & Interest$1,412
  • Property Tax$270
  • Home Insurance$150
  • FHA MIP$93
Amortization · Remaining Balance

Financed Loan Amount

$224,368

Total Interest

$284,046

Total of Payments

$508,414

*Includes financed FHA Upfront MIP of $3,859

Local Market Insights

Franklin County FHA Mortgage Overview

In Franklin County, the 10.86% average down payment on FHA loans provides accessible entry for buyers, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life—ideal for those with sub-620 credit scores. The 89.14% median loan-to-value ratio confirms this leverage. With an effective property tax rate of 1.31% and a recent -0.4% inflation-adjusted tax decrease, monthly affordability is slightly improved. For accurate budgeting, consider an FHA loan calculator with PMI and taxes in Franklin County, KS, or an FHA loan down payment calculator in Franklin County, Kansas. This data reflects 100% primary residences, 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.