FHA Loan Calculator — Arkansas
On the typical Arkansas home ($227,000), 3.5% down leaves a $219,055 base loan. The 1.75% upfront premium ($3,833) is financed, for a $222,888 loan, and annual MIP of 0.55% adds $102 a month for the life of the loan. Arkansas FHA limits run $541,287–$832,750 by county.
Arkansas has the 14th-lowest effective property tax rate of the 50 states at 0.56% — $795 less a year than the 0.91% state average on a $227,000 home. Homeowners insurance averages $3,733 a year, the 11th-highest premium nationally and $1,013 more than the typical state.
Loan Parameters
Total Monthly Payment
$2,006
Principal & Interest + Taxes + Insurance
APR 7.761%
Total Interest
$312,563
Total Cost
$710,029
Advanced Parameters
FHA Mortgage Insurance Premium (MIP)
Annual MIP of 0.55% is billed monthly on the average balance of each loan year. With less than 10% down it lasts for the life of the loan; with 10% or more down it ends after 11 years. A 1.75% upfront premium is also added to the loan.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Full term
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | MIP | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $17,849 | $2,251 | $15,597 | $1,220 | $220,637 | $6,363 |
| Year 2 | $17,849 | $2,415 | $15,434 | $1,207 | $218,223 | $8,777 |
| Year 3 | $17,849 | $2,590 | $15,259 | $1,194 | $215,633 | $11,367 |
| Year 4 | $17,849 | $2,778 | $15,071 | $1,179 | $212,855 | $14,145 |
| Year 5 | $17,849 | $2,980 | $14,869 | $1,163 | $209,875 | $17,125 |
| Year 6 | $17,849 | $3,196 | $14,653 | $1,146 | $206,679 | $20,321 |
| Year 7 | $17,849 | $3,428 | $14,421 | $1,128 | $203,251 | $23,749 |
| Year 8 | $17,849 | $3,677 | $14,172 | $1,109 | $199,574 | $27,426 |
| Year 9 | $17,849 | $3,944 | $13,905 | $1,088 | $195,630 | $31,370 |
| Year 10 | $17,849 | $4,230 | $13,618 | $1,065 | $191,400 | $35,600 |
| Year 11 | $17,849 | $4,538 | $13,311 | $1,041 | $186,862 | $40,138 |
| Year 12 | $17,849 | $4,867 | $12,982 | $1,016 | $181,996 | $45,004 |
| Year 13 | $17,849 | $5,220 | $12,628 | $988 | $176,775 | $50,225 |
| Year 14 | $17,849 | $5,599 | $12,249 | $958 | $171,176 | $55,824 |
| Year 15 | $17,849 | $6,006 | $11,843 | $927 | $165,170 | $61,830 |
| Year 16 | $17,849 | $6,442 | $11,406 | $892 | $158,728 | $68,272 |
| Year 17 | $17,849 | $6,910 | $10,939 | $856 | $151,818 | $75,182 |
| Year 18 | $17,849 | $7,412 | $10,437 | $817 | $144,406 | $82,594 |
| Year 19 | $17,849 | $7,950 | $9,899 | $774 | $136,457 | $90,543 |
| Year 20 | $17,849 | $8,527 | $9,322 | $729 | $127,930 | $99,070 |
| Year 21 | $17,849 | $9,146 | $8,702 | $681 | $118,784 | $108,216 |
| Year 22 | $17,849 | $9,810 | $8,038 | $629 | $108,973 | $118,027 |
| Year 23 | $17,849 | $10,522 | $7,326 | $573 | $98,451 | $128,549 |
| Year 24 | $17,849 | $11,287 | $6,562 | $513 | $87,164 | $139,836 |
| Year 25 | $17,849 | $12,106 | $5,743 | $449 | $75,058 | $151,942 |
| Year 26 | $17,849 | $12,985 | $4,864 | $381 | $62,073 | $164,927 |
| Year 27 | $17,849 | $13,928 | $3,921 | $307 | $48,145 | $178,855 |
| Year 28 | $17,849 | $14,939 | $2,909 | $228 | $33,206 | $193,794 |
| Year 29 | $17,849 | $16,024 | $1,825 | $143 | $17,182 | $209,818 |
| Year 30 | $17,844 | $17,182 | $661 | $52 | $0 | $227,000 |
FHA Loan numbers for Arkansas
- Typical Arkansas home value
- $227,000
- 3.5% down ($7,945) · Zillow, August 31, 2026
- Loan amount
- $222,888
- Includes $3,833 financed UFMIP
- Estimated monthly payment
- $2,006
- APR 7.761%
- Arkansas property tax
- 0.56%
- $106/mo
- Homeowners insurance
- $3,733/yr
- $311/mo
- Upfront MIP (1.75%)
- $3,833
- Financed into the loan
- Annual MIP
- 0.55%
- $102/mo in year 1 · life of loan
- Arkansas FHA loan limit
- $541,287 – $832,750
- One-unit, by county
How much house can you afford in Arkansas with an fha loan?
Highest price where principal, interest, Arkansas property tax, insurance and FHA mortgage insurance (1.75% upfront premium financed, 0.55% annual MIP) stay within 28% of gross income —3.5% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $40,000 | $933 | $83,000 | $2,905 | 37% |
| $50,000 | $1,167 | $114,000 | $3,990 | 50% |
| $60,000 | $1,400 | $145,000 | $5,075 | 64% |
| $75,000 | $1,750 | $192,000 | $6,720 | 84% |
| $100,000 | $2,333 | $270,000 | $9,450 | 119% |
| $125,000 | $2,917 | $348,000 | $12,180 | 153% |
| $150,000 | $3,500 | $426,000 | $14,910 | 187% |
FHA vs other loan types in Arkansas
$227,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $22,700 | $204,300 | — | $123 PMI | $1,903 | 7.488% |
| FHA | 3.5% · $7,945 | $222,888 | UFMIP $3,833 | $102 MIP | $2,006 | 7.761% |
| VA | 0% · $0 | $231,881 | Funding fee $4,881 | $0 | $1,964 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $45,400 | $181,600 | — | $0 | $1,629 | 7.030% |
Frequently asked questions
What is the monthly payment on a $227,000 home with an fha loan in Arkansas?
Estimated $2,006 per month ($1,487 principal & interest, $106 property tax, $311 insurance, $102 FHA mortgage insurance) at 7.03% for 30 years, with 3.5% down. APR 7.761%.
What is the FHA loan limit in Arkansas for 2026?
Between $541,287 and $832,750 depending on the county for a one-unit home. $541,287 is the national FHA floor; counties with higher home prices get higher limits. Check your exact county on HUD's FHA mortgage limits lookup.
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Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- HUD Mortgagee Letter 2023-05 (annual MIP schedule)
- HUD — FHA single family housing policy handbook 4000.1
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.