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Daviess County FHA Loan Calculator

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

Loan Details

Daviess County, MO Benchmarks

FHA averages
Typical Property Value$249,091
Average Down Payment19.4%
Average Interest Rate6.403%
Effective Tax Rate0.49%
Median Tax Paid$1,067/yr
Tax Growth (Historical)-2.1%
Based on 22 regional loans totaling $4,350,000 (HMDA database).
$
%

$48,324 down · $200,767 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$102 / month

$

Annual premium

$

Per month

%

$85 / month

Estimated Monthly Payment

$1,615/mo

  • Principal & Interest$1,278
  • Property Tax$102
  • Home Insurance$150
  • FHA MIP$85
Amortization · Remaining Balance

Financed Loan Amount

$204,281

Total Interest

$255,723

Total of Payments

$460,004

*Includes financed FHA Upfront MIP of $3,513

Local Market Insights

Daviess County FHA Mortgage Overview

For Daviess County homebuyers utilizing an FHA loan, the 19.38% down payment on a $249,090 average property provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of equity. With an 80.62% loan-to-value ratio and 100% owner-occupancy, this data reflects standard primary residence purchases. The effective property tax rate of 0.49%, coupled with a -2.1% inflation-adjusted tax change, slightly lowers monthly carrying costs. When evaluating an FHA loan with PMI and taxes in Daviess County, MO, this tax relief modestly offsets the permanent MIP burden for buyers with sub-620 credit scores.

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.