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Grant County FHA Loan Calculator

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

Loan Details

Grant County, KS Benchmarks

FHA averages
Typical Property Value$172,826
Average Down Payment7.6%
Average Interest Rate6.254%
Effective Tax Rate1.21%
Median Tax Paid$1,670/yr
Tax Growth (Historical)-15.2%
Based on 23 regional loans totaling $3,645,000 (HMDA database).
$
%

$13,135 down · $159,691 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$174 / month

$

Annual premium

$

Per month

%

$68 / month

Estimated Monthly Payment

$1,392/mo

  • Principal & Interest$1,000
  • Property Tax$174
  • Home Insurance$150
  • FHA MIP$68
Amortization · Remaining Balance

Financed Loan Amount

$162,486

Total Interest

$197,677

Total of Payments

$360,163

*Includes financed FHA Upfront MIP of $2,795

Local Market Insights

Grant County FHA Mortgage Overview

Grant County's FHA market reveals a strategic path for first-time buyers. The 7.60% average down payment, combined with a 92.40% LTV ratio, provides accessible entry, but note that FHA loan MIP is required for the life of the loan regardless of this down payment. This structure suits buyers with sub-620 credit scores seeking primary residences. The effective property tax rate of 1.21% is notable, yet the -15.2% inflation-adjusted tax change offers real monthly affordability relief. When evaluating a Grant County FHA mortgage with property taxes, remember that this lower tax burden partially offsets the permanent MIP cost, making the FHA loan down payment strategy particularly viable in this Kansas 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.