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Logan County FHA Loan Calculator

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

Loan Details

Logan County, CO Benchmarks

FHA averages
Typical Property Value$267,647
Average Down Payment10.0%
Average Interest Rate6.253%
Effective Tax Rate0.45%
Median Tax Paid$1,132/yr
Tax Growth (Historical)+2.4%
Based on 102 regional loans totaling $23,290,000 (HMDA database).
$
%

$26,765 down · $240,882 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$100 / month

$

Annual premium

$

Per month

%

$102 / month

Estimated Monthly Payment

$1,862/mo

  • Principal & Interest$1,509
  • Property Tax$100
  • Home Insurance$150
  • FHA MIP$102
Amortization · Remaining Balance

Financed Loan Amount

$245,098

Total Interest

$298,181

Total of Payments

$543,279

*Includes financed FHA Upfront MIP of $4,215

Local Market Insights

Logan County FHA Mortgage Overview

For Logan County homebuyers, the average 10.04% down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan due to the 89.96% LTV ratio, even with a sub-620 credit score. The 0.45% effective property tax rate is low, though the recent 2.4% inflation-adjusted shift will modestly increase monthly costs. When evaluating an FHA loan with PMI and taxes in Logan County, CO, this low tax burden helps offset the permanent MIP, ensuring stable affordability for primary residences.

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.