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Bates County FHA Loan Calculator

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

Loan Details

Bates County, MO Benchmarks

FHA averages
Typical Property Value$238,678
Average Down Payment11.2%
Average Interest Rate6.345%
Effective Tax Rate0.56%
Median Tax Paid$1,039/yr
Tax Growth (Historical)+4.8%
Based on 87 regional loans totaling $17,735,000 (HMDA database).
$
%

$26,732 down · $211,946 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$111 / month

$

Annual premium

$

Per month

%

$90 / month

Estimated Monthly Payment

$1,692/mo

  • Principal & Interest$1,340
  • Property Tax$111
  • Home Insurance$150
  • FHA MIP$90
Amortization · Remaining Balance

Financed Loan Amount

$215,655

Total Interest

$266,916

Total of Payments

$482,571

*Includes financed FHA Upfront MIP of $3,709

Local Market Insights

Bates County FHA Mortgage Overview

In Bates County, the 11.15% average down payment on an FHA loan provides accessible entry for buyers. However, with an 88.85% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of this down payment—ideal for those with sub-620 credit scores. The 0.56% effective property tax rate, recently adjusted upward by 4.8% for inflation, directly increases monthly affordability. When evaluating an FHA loan with PMI and taxes in Bates County, MO, these factors are crucial. All data reflects 100% owner-occupied purchases, not investments.

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.