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Coal County FHA Loan Calculator

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

Loan Details

Coal County, OK Benchmarks

FHA averages
Typical Property Value$182,727
Average Down Payment13.1%
Average Interest Rate6.508%
Effective Tax Rate0.42%
Median Tax Paid$609/yr
Tax Growth (Historical)+9.4%
Based on 22 regional loans totaling $3,430,000 (HMDA database).
$
%

$23,937 down · $158,790 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$64 / month

$

Annual premium

$

Per month

%

$67 / month

Estimated Monthly Payment

$1,304/mo

  • Principal & Interest$1,022
  • Property Tax$64
  • Home Insurance$150
  • FHA MIP$67
Amortization · Remaining Balance

Financed Loan Amount

$161,569

Total Interest

$206,454

Total of Payments

$368,023

*Includes financed FHA Upfront MIP of $2,779

Local Market Insights

Coal County FHA Mortgage Overview

For Coal County homebuyers, the 13.13% average down payment on an FHA loan provides accessible entry, but note that FHA Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of this equity level. With an 86.87% Loan-to-Value ratio and 100% primary occupancy, this data reflects standard owner-occupants, not investors. The effective property tax rate is a low 0.42%, yet the recent 9.4% inflation-adjusted tax increase will modestly raise monthly costs. When evaluating an FHA loan with PMI and taxes in Coal County, OK, or checking FHA loan limits and property taxes, this lower tax burden helps offset the permanent MIP, making the market viable for buyers with sub-620 credit scores.

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.