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Adams County FHA Loan Calculator

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

Loan Details

Adams County, IL Benchmarks

FHA averages
Typical Property Value$173,562
Average Down Payment8.6%
Average Interest Rate6.474%
Effective Tax Rate1.52%
Median Tax Paid$2,573/yr
Tax Growth (Historical)+1.4%
Based on 146 regional loans totaling $22,750,000 (HMDA database).
$
%

$14,926 down · $158,636 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$220 / month

$

Annual premium

$

Per month

%

$67 / month

Estimated Monthly Payment

$1,454/mo

  • Principal & Interest$1,017
  • Property Tax$220
  • Home Insurance$150
  • FHA MIP$67
Amortization · Remaining Balance

Financed Loan Amount

$161,412

Total Interest

$204,726

Total of Payments

$366,138

*Includes financed FHA Upfront MIP of $2,776

Local Market Insights

Adams County FHA Mortgage Overview

For Adams County homebuyers, the 8.61% average down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan due to the 91.39% median LTV. This FHA loan with PMI and taxes in Adams County, IL, shows a property tax rate of 1.52%, with a 1.4% inflation-adjusted increase impacting monthly affordability. Given 100% primary occupancy, this FHA mortgage with property taxes is ideal for owner-occupants, though the sub-620 credit score appeal means MIP never cancels. Understanding Adams County FHA loan limits and tax implications helps buyers budget effectively.

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.