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Russell County FHA Loan Calculator

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

Loan Details

Russell County, KS Benchmarks

FHA averages
Typical Property Value$105,952
Average Down Payment16.5%
Average Interest Rate6.857%
Effective Tax Rate1.56%
Median Tax Paid$2,218/yr
Tax Growth (Historical)+15.5%
Based on 21 regional loans totaling $1,855,000 (HMDA database).
$
%

$17,482 down · $88,470 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$138 / month

$

Annual premium

$

Per month

%

$38 / month

Estimated Monthly Payment

$916/mo

  • Principal & Interest$590
  • Property Tax$138
  • Home Insurance$150
  • FHA MIP$38
Amortization · Remaining Balance

Financed Loan Amount

$90,018

Total Interest

$122,545

Total of Payments

$212,563

*Includes financed FHA Upfront MIP of $1,548

Local Market Insights

Russell County FHA Mortgage Overview

In Russell County, the 16.52% weighted down payment on FHA loans provides accessible entry for owner-occupants, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 83.48% LTV. With an average property value of $105,952 and a 6.857% rate, the 1.56% effective tax rate and recent 15.5% inflation-adjusted tax increase significantly impact monthly affordability. For buyers using an FHA loan with PMI and taxes in Russell County, KS, this data underscores why an FHA mortgage calculator with property taxes is essential for accurate budgeting. Understanding Russell County FHA loan limits and tax implications helps navigate true costs here.

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.