Custer County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Custer County, OK Benchmarks

FHA averages

Typical Property Value$216,395

Average Down Payment7.1%

Average Interest Rate6.527%

Effective Tax Rate0.76%

Median Tax Paid$1,248/yr

Tax Growth (Historical)+1.1%

Based on 86 regional loans totaling $17,090,000 (HMDA database).

Home Price

Down Payment

$15,364 down · $201,031 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

$137 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$85 / month

Estimated Monthly Payment

$1,669/mo

Principal & Interest$1,297
Property Tax$137
Home Insurance$150
FHA MIP$85

Amortization · Remaining Balance

Financed Loan Amount

$204,549

Total Interest

$262,345

Total of Payments

$466,894

*Includes financed FHA Upfront MIP of $3,518

Local Market Insights

Custer County FHA Mortgage Overview

In Custer County, the 7.11% down payment on an FHA loan (average value $216,395) provides accessible entry, but mandates Mortgage Insurance Premiums (MIP) for the loan’s life—critical for buyers with sub-620 credit. The 92.89% Loan-to-Value ratio confirms minimal equity, making this ideal for primary residences (100% occupancy). With a 0.76% effective tax rate and a 1.1% inflation-adjusted increase, monthly affordability is modestly pressured. When evaluating an FHA loan with PMI and taxes, the 6.527% rate and tax shift must be factored into true costs.

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.