Gove County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Gove County, KS Benchmarks

FHA averages

Typical Property Value$126,250

Average Down Payment11.7%

Average Interest Rate6.558%

Effective Tax Rate1.27%

Median Tax Paid$1,730/yr

Tax Growth (Historical)+6.1%

Based on 8 regional loans totaling $850,000 (HMDA database).

Home Price

Down Payment

$14,771 down · $111,479 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

$134 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$47 / month

Estimated Monthly Payment

$1,052/mo

Principal & Interest$721
Property Tax$134
Home Insurance$150
FHA MIP$47

Amortization · Remaining Balance

Financed Loan Amount

$113,430

Total Interest

$146,287

Total of Payments

$259,716

*Includes financed FHA Upfront MIP of $1,951

Local Market Insights

Gove County FHA Mortgage Overview

In Gove County, the 11.70% down payment on an FHA loan provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life due to the 88.30% loan-to-value ratio. This FHA structure is ideal for buyers with sub-620 credit seeking primary residences. The 1.27% effective property tax rate, adjusted 6.1% higher for inflation, significantly impacts monthly affordability. When evaluating a Gove County FHA mortgage with property taxes, the long-term MIP cost is a key factor. Understanding Gove County FHA loan limits and tax implications is crucial for accurate 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.