Ray County FHA Loan Calculator

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

Loan Details

Baseline

Rates

Taxes & Ins.

DTI

US County (Smart Autofill)

Loan Type

Credit Score (FICO)

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

Ray County, MO Benchmarks

FHA averages

Typical Property Value$257,522

Average Down Payment12.2%

Average Interest Rate6.570%

Effective Tax Rate0.72%

Home Price

Down Payment

$31,418 down · $226,104 financed

Estimated Monthly Payment

$1,865/mo

Principal & Interest$1,465
Property Tax$155
Home Insurance$150
FHA MIP$96

Amortization · Remaining Balance

Financed Loan Amount

$230,061

Total Interest

$297,249

Total of Payments

$527,310

*Includes financed FHA Upfront MIP of $3,957

Local Market Insights

Ray County FHA Mortgage Overview

For Ray County homebuyers, the 12.24% average down payment on an FHA loan provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 87.76% LTV. This makes an FHA loan calculator with PMI and taxes in Ray County, MO essential for true monthly cost. The 0.72% property tax rate, with a 0.9% inflation-adjusted increase, adds modest but steady affordability pressure. All purchases here are owner-occupied, reflecting standard homebuyer behavior rather than investment activity.

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.