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Scotland County FHA Loan Calculator

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

Loan Details

Scotland County, MO Benchmarks

FHA averages
Typical Property Value$151,667
Average Down Payment3.7%
Average Interest Rate6.122%
Effective Tax Rate0.65%
Median Tax Paid$1,248/yr
Tax Growth (Historical)+1.6%
Based on 3 regional loans totaling $435,000 (HMDA database).
$
%

$5,612 down · $146,055 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$82 / month

$

Annual premium

$

Per month

%

$68 / month

Estimated Monthly Payment

$1,203/mo

  • Principal & Interest$902
  • Property Tax$82
  • Home Insurance$150
  • FHA MIP$68
Amortization · Remaining Balance

Financed Loan Amount

$148,611

Total Interest

$176,288

Total of Payments

$324,899

*Includes financed FHA Upfront MIP of $2,556

Local Market Insights

Scotland County FHA Mortgage Overview

For Scotland County homebuyers using an FHA loan, the 3.66% weighted average down payment and 96.34% loan-to-value ratio provide accessible entry, but this low equity triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—ideal if your credit score is below 620. With an average property value of $151,666.67 and a 6.122% interest rate, the effective property tax rate of 0.65% plus a 1.6% inflation-adjusted tax increase modestly raises monthly costs. Given 100% primary occupancy, this data reflects owner-occupied purchases, 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.