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Putnam County FHA Loan Calculator

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

Loan Details

Putnam County, MO Benchmarks

FHA averages
Typical Property Value$195,000
Average Down Payment11.9%
Average Interest Rate6.934%
Effective Tax Rate0.86%
Median Tax Paid$1,211/yr
Tax Growth (Historical)+6.7%
Based on 8 regional loans totaling $1,400,000 (HMDA database).
$
%

$23,205 down · $171,795 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$140 / month

$

Annual premium

$

Per month

%

$73 / month

Estimated Monthly Payment

$1,517/mo

  • Principal & Interest$1,155
  • Property Tax$140
  • Home Insurance$150
  • FHA MIP$73
Amortization · Remaining Balance

Financed Loan Amount

$174,801

Total Interest

$240,909

Total of Payments

$415,711

*Includes financed FHA Upfront MIP of $3,006

Local Market Insights

Putnam County FHA Mortgage Overview

Putnam County homebuyers using an FHA loan benefit from the accessible 11.91% down payment, but must account for mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, even with this equity. The 88.09% LTV ratio confirms standard owner-occupied purchases. At a 6.934% rate on a $195,000 property, the 0.86% effective tax rate and recent 6.7% inflation-adjusted tax increase add roughly $140 monthly. This FHA loan with PMI and taxes in Putnam County, MO, requires careful budgeting. For those exploring Putnam County FHA loan limits and tax impacts, the lower entry cost remains ideal, especially for buyers with sub-620 credit.

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.