FHA Loan Calculator — Oklahoma
On the typical Oklahoma home ($223,000), 3.5% down leaves a $215,195 base loan. The 1.75% upfront premium ($3,766) is financed, for a $218,961 loan, and annual MIP of 0.55% adds $100 a month for the life of the loan. Oklahoma FHA limits run $541,287–$832,750 by county.
Oklahoma has the 25th-lowest effective property tax rate of the 50 states at 0.79% — $268 less a year than the 0.91% state average on a $223,000 home. Homeowners insurance averages $5,010 a year, the 4th-highest premium nationally and $2,290 more than the typical state.
Loan Parameters
Total Monthly Payment
$2,125
Principal & Interest + Taxes + Insurance
APR 7.761%
Total Interest
$307,056
Total Cost
$753,191
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 | $17,534 | $2,211 | $15,323 | $1,199 | $216,749 | $6,251 |
| Year 2 | $17,534 | $2,372 | $15,162 | $1,186 | $214,377 | $8,623 |
| Year 3 | $17,534 | $2,544 | $14,990 | $1,173 | $211,833 | $11,167 |
| Year 4 | $17,534 | $2,729 | $14,805 | $1,158 | $209,104 | $13,896 |
| Year 5 | $17,534 | $2,927 | $14,607 | $1,143 | $206,177 | $16,823 |
| Year 6 | $17,534 | $3,140 | $14,394 | $1,126 | $203,037 | $19,963 |
| Year 7 | $17,534 | $3,368 | $14,166 | $1,108 | $199,670 | $23,330 |
| Year 8 | $17,534 | $3,612 | $13,922 | $1,089 | $196,058 | $26,942 |
| Year 9 | $17,534 | $3,874 | $13,660 | $1,069 | $192,183 | $30,817 |
| Year 10 | $17,534 | $4,156 | $13,378 | $1,047 | $188,027 | $34,973 |
| Year 11 | $17,534 | $4,458 | $13,077 | $1,023 | $183,570 | $39,430 |
| Year 12 | $17,534 | $4,781 | $12,753 | $998 | $178,789 | $44,211 |
| Year 13 | $17,534 | $5,128 | $12,406 | $971 | $173,660 | $49,340 |
| Year 14 | $17,534 | $5,501 | $12,033 | $941 | $168,160 | $54,840 |
| Year 15 | $17,534 | $5,900 | $11,634 | $910 | $162,259 | $60,741 |
| Year 16 | $17,534 | $6,329 | $11,206 | $877 | $155,931 | $67,069 |
| Year 17 | $17,534 | $6,788 | $10,746 | $841 | $149,143 | $73,857 |
| Year 18 | $17,534 | $7,281 | $10,253 | $802 | $141,862 | $81,138 |
| Year 19 | $17,534 | $7,810 | $9,724 | $761 | $134,052 | $88,948 |
| Year 20 | $17,534 | $8,377 | $9,157 | $716 | $125,676 | $97,324 |
| Year 21 | $17,534 | $8,985 | $8,549 | $669 | $116,691 | $106,309 |
| Year 22 | $17,534 | $9,637 | $7,897 | $618 | $107,054 | $115,946 |
| Year 23 | $17,534 | $10,337 | $7,197 | $563 | $96,717 | $126,283 |
| Year 24 | $17,534 | $11,088 | $6,446 | $504 | $85,629 | $137,371 |
| Year 25 | $17,534 | $11,893 | $5,641 | $441 | $73,736 | $149,264 |
| Year 26 | $17,534 | $12,756 | $4,778 | $374 | $60,980 | $162,020 |
| Year 27 | $17,534 | $13,682 | $3,852 | $301 | $47,298 | $175,702 |
| Year 28 | $17,534 | $14,676 | $2,858 | $224 | $32,622 | $190,378 |
| Year 29 | $17,534 | $15,742 | $1,793 | $140 | $16,880 | $206,120 |
| Year 30 | $17,530 | $16,880 | $650 | $51 | $0 | $223,000 |
FHA Loan numbers for Oklahoma
- Typical Oklahoma home value
- $223,000
- 3.5% down ($7,805) · Zillow, August 31, 2026
- Loan amount
- $218,961
- Includes $3,766 financed UFMIP
- Estimated monthly payment
- $2,125
- APR 7.761%
- Oklahoma property tax
- 0.79%
- $147/mo
- Homeowners insurance
- $5,010/yr
- $418/mo
- Upfront MIP (1.75%)
- $3,766
- Financed into the loan
- Annual MIP
- 0.55%
- $100/mo in year 1 · life of loan
- Oklahoma FHA loan limit
- $541,287 – $832,750
- One-unit, by county
How much house can you afford in Oklahoma with an fha loan?
Highest price where principal, interest, Oklahoma 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 | $67,000 | $2,345 | 30% |
| $50,000 | $1,167 | $97,000 | $3,395 | 43% |
| $60,000 | $1,400 | $128,000 | $4,480 | 57% |
| $75,000 | $1,750 | $173,000 | $6,055 | 77% |
| $100,000 | $2,333 | $250,000 | $8,750 | 112% |
| $125,000 | $2,917 | $326,000 | $11,410 | 146% |
| $150,000 | $3,500 | $402,000 | $14,070 | 180% |
FHA vs other loan types in Oklahoma
$223,000 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% · $22,300 | $200,700 | — | $120 PMI | $2,024 | 7.488% |
| FHA | 3.5% · $7,805 | $218,961 | UFMIP $3,766 | $100 MIP | $2,125 | 7.761% |
| VA | 0% · $0 | $227,795 | Funding fee $4,795 | $0 | $2,084 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $44,600 | $178,400 | — | $0 | $1,755 | 7.030% |
Frequently asked questions
What is the monthly payment on a $223,000 home with an fha loan in Oklahoma?
Estimated $2,125 per month ($1,461 principal & interest, $147 property tax, $418 insurance, $100 FHA mortgage insurance) at 7.03% for 30 years, with 3.5% down. APR 7.761%.
What is the FHA loan limit in Oklahoma 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.