Garfield County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Garfield County, OK Benchmarks

FHA averages

Typical Property Value$163,159

Average Down Payment5.8%

Average Interest Rate6.432%

Effective Tax Rate0.87%

Median Tax Paid$1,389/yr

Tax Growth (Historical)+1.2%

Based on 239 regional loans totaling $36,315,000 (HMDA database).

Home Price

Down Payment

$9,463 down · $153,696 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

$118 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$65 / month

Estimated Monthly Payment

$1,315/mo

Principal & Interest$981
Property Tax$118
Home Insurance$150
FHA MIP$65

Amortization · Remaining Balance

Financed Loan Amount

$156,385

Total Interest

$196,873

Total of Payments

$353,259

*Includes financed FHA Upfront MIP of $2,690

Local Market Insights

Garfield County FHA Mortgage Overview

Garfield County’s FHA market shows accessible entry with a 5.81% down payment on a $163,159 average property, but the 94.19% LTV ratio means mandatory MIP for the loan’s life—ideal for buyers with sub-620 credit seeking primary residences. The 6.432% rate and 0.87% effective tax rate, adjusted upward 1.2% for inflation, directly impact monthly affordability when evaluating FHA loan costs with PMI and taxes in Garfield County, OK. This data reflects standard 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.