Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Oklahoma>Latimer County (FHA)

Latimer County FHA Loan Calculator

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

Loan Details

Latimer County, OK Benchmarks

FHA averages
Typical Property Value$197,424
Average Down Payment13.3%
Average Interest Rate6.323%
Effective Tax Rate0.49%
Median Tax Paid$567/yr
Tax Growth (Historical)+3.4%
Based on 33 regional loans totaling $5,055,000 (HMDA database).
$
%

$26,257 down · $171,167 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$81 / month

$

Annual premium

$

Per month

%

$73 / month

Estimated Monthly Payment

$1,383/mo

  • Principal & Interest$1,080
  • Property Tax$81
  • Home Insurance$150
  • FHA MIP$73
Amortization · Remaining Balance

Financed Loan Amount

$174,162

Total Interest

$214,741

Total of Payments

$388,903

*Includes financed FHA Upfront MIP of $2,995

Local Market Insights

Latimer County FHA Mortgage Overview

In Latimer County, the 13.27% weighted average down payment for FHA loans offers accessible entry, but note that Mortgage Insurance Premiums (MIP) are required for the life of the loan—unlike conventional loans—making this ideal for buyers with sub-620 credit. With a median Loan-to-Value (LTV) of 86.73% and 100% primary occupancy, this data reflects owner-occupied purchases. The 0.49% effective property tax rate is low, though a 3.4% inflation-adjusted tax shift will slightly increase monthly affordability costs. When evaluating FHA loan options with PMI and taxes in Latimer County, OK, the low tax rate helps offset mandatory MIP payments.

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.