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Smith County FHA Loan Calculator

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

Loan Details

Smith County, KS Benchmarks

FHA averages
Typical Property Value$153,000
Average Down Payment13.2%
Average Interest Rate6.455%
Effective Tax Rate1.71%
Median Tax Paid$1,722/yr
Tax Growth (Historical)+11.1%
Based on 5 regional loans totaling $675,000 (HMDA database).
$
%

$20,196 down · $132,804 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$218 / month

$

Annual premium

$

Per month

%

$56 / month

Estimated Monthly Payment

$1,275/mo

  • Principal & Interest$851
  • Property Tax$218
  • Home Insurance$150
  • FHA MIP$56
Amortization · Remaining Balance

Financed Loan Amount

$135,128

Total Interest

$171,070

Total of Payments

$306,198

*Includes financed FHA Upfront MIP of $2,324

Local Market Insights

Smith County FHA Mortgage Overview

Smith County's FHA market shows a 13.18% down payment on a $153,000 average property, providing accessible entry but requiring lifetime Mortgage Insurance Premiums (MIP) due to an 86.82% LTV ratio. This structure suits buyers with sub-620 credit scores. The 1.71% property tax rate, combined with an 11.1% inflation-adjusted tax increase, significantly impacts monthly affordability. For accurate budgeting, homebuyers should account for these costs when using an FHA loan calculator with PMI and taxes in Smith County, KS, as the effective tax shift raises true monthly payments above the principal and interest alone.

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.