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Brown County FHA Loan Calculator

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

Loan Details

Brown County, IL Benchmarks

FHA averages
Typical Property Value$215,000
Average Down Payment6.5%
Average Interest Rate6.458%
Effective Tax Rate1.34%
Median Tax Paid$2,291/yr
Tax Growth (Historical)+6.3%
Based on 3 regional loans totaling $605,000 (HMDA database).
$
%

$13,975 down · $201,025 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$240 / month

$

Annual premium

$

Per month

%

$85 / month

Estimated Monthly Payment

$1,763/mo

  • Principal & Interest$1,287
  • Property Tax$240
  • Home Insurance$150
  • FHA MIP$85
Amortization · Remaining Balance

Financed Loan Amount

$204,543

Total Interest

$258,948

Total of Payments

$463,491

*Includes financed FHA Upfront MIP of $3,518

Local Market Insights

Brown County FHA Mortgage Overview

For Brown County homebuyers, the FHA loan’s 6.53% down payment offers accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 93.47% loan-to-value ratio. This is ideal for those with sub-620 credit scores purchasing a primary residence. With an average property value of $215,000 and a 6.458% rate, the effective 1.34% property tax rate, plus a recent 6.3% inflation-adjusted increase, significantly impacts monthly affordability. When evaluating an FHA loan with PMI and taxes in Brown County, IL, these tax shifts raise true costs. Understanding Brown County FHA loan limits and tax implications is critical for accurate budgeting.

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.