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Grady County FHA Loan Calculator

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

Loan Details

Grady County, OK Benchmarks

FHA averages
Typical Property Value$258,298
Average Down Payment8.2%
Average Interest Rate6.311%
Effective Tax Rate0.70%
Median Tax Paid$1,400/yr
Tax Growth (Historical)+2.8%
Based on 374 regional loans totaling $87,580,000 (HMDA database).
$
%

$21,180 down · $237,118 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$151 / month

$

Annual premium

$

Per month

%

$101 / month

Estimated Monthly Payment

$1,896/mo

  • Principal & Interest$1,495
  • Property Tax$151
  • Home Insurance$150
  • FHA MIP$101
Amortization · Remaining Balance

Financed Loan Amount

$241,267

Total Interest

$296,915

Total of Payments

$538,182

*Includes financed FHA Upfront MIP of $4,150

Local Market Insights

Grady County FHA Mortgage Overview

In Grady County, the 8.16% weighted average down payment on FHA loans reflects an accessible entry point for owner-occupants, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan due to the 91.84% loan-to-value ratio. The effective property tax rate of 0.70% and a 2.8% inflation-adjusted increase mean rising tax obligations directly impact monthly affordability. For those exploring Grady County FHA loan limits and tax impacts, understanding this permanent MIP cost is critical, especially for buyers with sub-620 credit seeking lower upfront cash. This data, reflecting 100% primary residences, underscores a stable, risk-tolerant market.

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.