Mortgage Data Labs

Programmatic SEO Local County Calculator

Calculator>Missouri>Cape Girardeau County (FHA)

Cape Girardeau County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Cape Girardeau County, MO Benchmarks

FHA averages
Typical Property Value$218,852
Average Down Payment8.5%
Average Interest Rate6.423%
Effective Tax Rate0.63%
$
%

$18,602 down · $200,250 financed

Estimated Monthly Payment

$1,627/mo

  • Principal & Interest$1,277
  • Property Tax$115
  • Home Insurance$150
  • FHA MIP$85
Amortization · Remaining Balance

Financed Loan Amount

$203,754

Total Interest

$256,025

Total of Payments

$459,778

*Includes financed FHA Upfront MIP of $3,504

Local Market Insights

Cape Girardeau County FHA Mortgage Overview

For Cape Girardeau County homebuyers using an FHA loan, the 8.53% down payment on a $218,852 average property provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, regardless of equity. The 91.47% Loan-to-Value ratio confirms high leverage, ideal for those with sub-620 credit. Property taxes at 0.63% are manageable, and the -1.8% inflation-adjusted tax change offers slight relief. When evaluating an FHA loan with PMI and taxes in Cape Girardeau County, MO, remember MIP is permanent, differentiating it from conventional options. This 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.