Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local · FHA Loan

Cole County FHA Mortgage Calculator

Estimate your true cost of homeownership in Cole County with localized property taxes, insurance, and utility data.

← Back to Cole County Hub
Est. Total Monthly Cost
$2,309
P&I Payment$1,741
Taxes & Ins$250
Utilities$193
Also calculate:Conventional CalculatorVA Calculator

Next steps

Take this Cole County scenario further — you stay anonymous.

Track this scenarioSave it to My Scenarios and watch the rate over timeFind lenders for this scenarioSee top-ranked local lenders and request quotes

Mortgage Details

$280,540
Local Median: $280,540
$9,819 (3.5%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Mortgage Insurance (MIP)$126/mo
Upfront MIP (UFMIP) (financed)$4,738

FHA charges MIP regardless of down payment; UFMIP is financed into the loan.

Upfront costs

One-time costs to open your FHA loan.

Down payment (cash)
$9,819
3.5% of price
Upfront MIP (UFMIP)
$4,738
1.75% · financed into loan
Financed loan amount
$275,459
incl. UFMIP
Monthly$2,309

Monthly Breakdown

Principal & Interest
$1,741
Property Taxes
$148
Homeowners Ins.
$101
Mortgage Insurance (MIP)
$126
Utilities
$193

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$351,333

Local Housing Facts for Cole County

  • ·Median home value: $280,540 (adjusted for current market conditions)
  • ·Est. property taxes: $1,779/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,215/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,310/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

What is the FHA upfront mortgage insurance premium (MIP) for a home in Cole County, MO?

An FHA buyer in Cole County, MO borrowing $270,721 (with 3.5% down on a median $280,540 home) pays an upfront mortgage insurance premium (MIP) of $4,738 — equal to 1.75% of the base loan amount. This upfront MIP is typically financed into the loan balance rather than paid at closing, increasing the total loan amount to approximately $275,459.

How much is the monthly FHA mortgage insurance in Cole County, MO?

For a typical FHA loan in Cole County, MO with a base loan amount of $270,721, the annual MIP rate is 0.55% — adding approximately $124/month to the required payment. This monthly MIP is separate from principal, interest, property taxes, and homeowners insurance.

Does FHA mortgage insurance go away in Cole County, MO?

Unlike conventional PMI — which automatically cancels at 80% LTV under the Homeowners Protection Act — FHA annual MIP on loans with less than 10% down does not fall off. For FHA buyers in Cole County, MO putting 3.5% down, this means ongoing monthly MIP payments of approximately $124/month for the life of the loan. To eliminate MIP, borrowers must refinance into a conventional loan once they reach 20% equity, or put 10%+ down at origination (MIP then cancels after 11 years).

Am I eligible for FHA financing in Cole County, MO?

The 2025 FHA loan limit for Cole County, MO is $541,287 for a 1-unit property. A typical buyer purchasing the median-priced home here (approximately $280,540) with 3.5% down would have a base loan amount of approximately $270,721, which falls within the local FHA limit — making FHA financing an accessible option for eligible buyers.

What is the true all-in monthly cost of owning an FHA-financed home in Cole County, MO?

Beyond principal and interest, FHA buyers in Cole County, MO with a median $280,540 home can expect approximately $1,779/yr in property taxes, $1,215/yr for homeowners insurance, $2,310/yr in energy utilities, and $124/mo in FHA mortgage insurance (MIP). Together, these non-P&I costs add approximately $566/month to the required payment in Cole County, MO.