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Laclede County FHA Loan Calculator

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

Laclede County, MO Benchmarks

FHA averages
Typical Property Value$222,658
Average Down Payment12.6%
Average Interest Rate6.385%
Effective Tax Rate0.54%
$
%

$28,055 down · $194,603 financed

Estimated Monthly Payment

$1,569/mo

  • Principal & Interest$1,236
  • Property Tax$100
  • Home Insurance$150
  • FHA MIP$83
Amortization · Remaining Balance

Financed Loan Amount

$198,009

Total Interest

$246,938

Total of Payments

$444,947

*Includes financed FHA Upfront MIP of $3,406

Local Market Insights

Laclede County FHA Mortgage Overview

Laclede County homebuyers using FHA loans are putting down an average of 12.61%, which is below the 20% threshold, meaning mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan. With an 87.39% loan-to-value ratio and 100% owner-occupancy, this FHA structure is ideal for buyers with sub-620 credit seeking accessible entry. The local effective property tax rate of 0.54% is modest, and the recent -4.9% inflation-adjusted tax shift further lowers true monthly costs. When evaluating an FHA loan with PMI and taxes in Laclede County, MO, this data shows that lower down payments are standard, but borrowers should plan for permanent MIP alongside the $222,658 average property value.

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.