Craig County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Craig County, OK Benchmarks

FHA averages

Typical Property Value$218,103

Average Down Payment12.9%

Average Interest Rate6.424%

Effective Tax Rate0.42%

Median Tax Paid$823/yr

Tax Growth (Historical)+3.0%

Based on 58 regional loans totaling $10,360,000 (HMDA database).

Home Price

Down Payment

$28,135 down · $189,968 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$76 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$81 / month

Estimated Monthly Payment

$1,518/mo

Principal & Interest$1,212
Property Tax$76
Home Insurance$150
FHA MIP$81

Amortization · Remaining Balance

Financed Loan Amount

$193,292

Total Interest

$242,879

Total of Payments

$436,171

*Includes financed FHA Upfront MIP of $3,324

Local Market Insights

Craig County FHA Mortgage Overview

In Craig County, the 12.90% average down payment on FHA loans provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life due to the 87.10% LTV ratio. This FHA loan down payment strategy in Craig County, Oklahoma, is ideal for buyers with sub-620 credit, as it bypasses conventional PMI cancellation rules. With a 0.42% effective property tax rate and a 3.0% inflation-adjusted increase, monthly affordability is modestly impacted. For a full view of Craig County FHA mortgage costs with property taxes, remember the MIP burden when evaluating true affordability for these 100% owner-occupied homes.

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.