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Madison County FHA Loan Calculator

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

Loan Details

Madison County, MO Benchmarks

FHA averages
Typical Property Value$185,833
Average Down Payment18.3%
Average Interest Rate6.484%
Effective Tax Rate0.64%
Median Tax Paid$1,130/yr
Tax Growth (Historical)-4.4%
Based on 36 regional loans totaling $5,160,000 (HMDA database).
$
%

$34,007 down · $151,826 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$99 / month

$

Annual premium

$

Per month

%

$64 / month

Estimated Monthly Payment

$1,288/mo

  • Principal & Interest$974
  • Property Tax$99
  • Home Insurance$150
  • FHA MIP$64
Amortization · Remaining Balance

Financed Loan Amount

$154,483

Total Interest

$196,303

Total of Payments

$350,785

*Includes financed FHA Upfront MIP of $2,657

Local Market Insights

Madison County FHA Mortgage Overview

For Madison County homebuyers, the 18.29% down payment on an FHA loan provides accessible entry despite a sub-620 credit score, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of equity. The 81.71% loan-to-value ratio confirms this is a low-down-payment strategy for primary residences. With a 0.64% effective property tax rate and a -4.4% inflation-adjusted tax decrease, monthly affordability improves slightly. When using an FHA loan calculator with PMI and taxes in Madison County, MO, factor in these persistent MIP costs against lower property taxes.

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.