Reno County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Reno County, KS Benchmarks

FHA averages

Typical Property Value$165,047

Average Down Payment8.7%

Average Interest Rate6.618%

Effective Tax Rate1.48%

Median Tax Paid$2,158/yr

Tax Growth (Historical)-4.0%

Based on 215 regional loans totaling $32,035,000 (HMDA database).

Home Price

Down Payment

$14,359 down · $150,688 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

$204 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$64 / month

Estimated Monthly Payment

$1,399/mo

Principal & Interest$981
Property Tax$204
Home Insurance$150
FHA MIP$64

Amortization · Remaining Balance

Financed Loan Amount

$153,325

Total Interest

$199,925

Total of Payments

$353,250

*Includes financed FHA Upfront MIP of $2,637

Local Market Insights

Reno County FHA Mortgage Overview

In Reno County, the 8.66% average down payment on an FHA loan provides accessible entry for homebuyers, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, regardless of this equity level. The 91.34% loan-to-value ratio and 100% owner-occupancy confirm a low-risk, primary-residence market. With an effective property tax rate of 1.48% and a recent -4.0% inflation-adjusted tax shift, monthly affordability improves slightly. For those exploring an FHA loan with PMI and taxes in Reno County, KS, or checking Reno County FHA loan limits and tax impacts, this data underscores stable, buyer-friendly conditions.

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.