Kansas First-Time Homebuyer Calculator
First-time homebuyer costs in Kansas: $7,525 FHA down payment, $5,590 closing costs, 1.41% property tax. See total upfront costs & monthly payments.
How This Calculator Works
Calculation methodology and assumptions
First-time homebuyer cost breakdown for Kansas. Includes down payment, closing costs (2.6%), PMI (required below 20% down), property tax (1.41%), and homeowners insurance ($2,900/yr). DTI ratio should stay below 43% for conventional loans and 50% for FHA.
Key State Information
Kansas homebuyer facts: Median price $215,000 | 20% down = $43,000 | FHA 3.5% down = $7,525 | Closing costs ~$5,590 | Property tax 1.41% | No attorney required.
Frequently Asked Questions
How much do I need to buy a house in Kansas?
For Kansas's median home ($215,000): FHA minimum down payment is $7,525 (3.5%), plus $5,590 in closing costs. Total minimum: ~$13,115. With 20% down to avoid PMI: ~$48,590.
What are closing costs in Kansas?
Kansas closing costs average 2.6% of the home price, or about $5,590 on the median home. This includes title insurance, appraisal, origination fees, recording fees, and optional attorney fees. Transfer taxes are 0%.
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