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Knox County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Knox 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

Knox County, MO Benchmarks

FHA averages
Typical Property Value$162,692
Average Down Payment3.4%
Average Interest Rate6.825%
Effective Tax Rate0.65%
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FHA loans require a minimum 3.5% down payment.

Estimated Monthly Payment

$1,357/mo

  • Principal & Interest$1,046
  • Property Tax$88
  • Home Insurance$150
  • FHA MIP$73
Amortization · Remaining Balance

Financed Loan Amount

$159,911

Total Interest

$216,540

Total of Payments

$376,451

*Includes financed FHA Upfront MIP of $2,750

Local Market Insights

Knox County FHA Mortgage Overview

In Knox County, FHA loans provide accessible entry with a 3.39% down payment on a $162,692 average property. However, the 96.61% LTV ratio confirms MIP is required for the loan’s life, ideal for buyers with sub-620 credit. The 0.65% effective tax rate, with a 4.7% inflation-adjusted increase, adds to monthly costs. For an FHA loan with PMI and taxes in Knox County, MO, this low-down-payment option prioritizes affordability over long-term premium avoidance. All 100% of buyers are owner-occupants, not investors.

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.