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Lafayette County FHA Loan Calculator

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

Loan Details

Lafayette County, MO Benchmarks

FHA averages
Typical Property Value$264,512
Average Down Payment10.3%
Average Interest Rate6.374%
Effective Tax Rate0.69%
Median Tax Paid$1,581/yr
Tax Growth (Historical)0.0%
Based on 164 regional loans totaling $37,530,000 (HMDA database).
$
%

$27,245 down · $237,267 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$152 / month

$

Annual premium

$

Per month

%

$101 / month

Estimated Monthly Payment

$1,908/mo

  • Principal & Interest$1,505
  • Property Tax$152
  • Home Insurance$150
  • FHA MIP$101
Amortization · Remaining Balance

Financed Loan Amount

$241,419

Total Interest

$300,508

Total of Payments

$541,927

*Includes financed FHA Upfront MIP of $4,152

Local Market Insights

Lafayette County FHA Mortgage Overview

For Lafayette County homebuyers, the 10.31% average down payment on an FHA loan provides accessible entry into a market with a median property value of $264,512.20. However, with an 89.69% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of this down payment—making it ideal for those with sub-620 credit. The effective property tax rate of 0.69% and a 0.0% inflation-adjusted tax shift offer stable monthly affordability. When evaluating an FHA loan with PMI and taxes in Lafayette County, MO, remember that this data reflects 100% primary residences, 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.