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Clinton County FHA Loan Calculator

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

Loan Details

Clinton County, IL Benchmarks

FHA averages
Typical Property Value$202,957
Average Down Payment8.7%
Average Interest Rate6.393%
Effective Tax Rate1.64%
Median Tax Paid$3,524/yr
Tax Growth (Historical)+1.9%
Based on 93 regional loans totaling $16,945,000 (HMDA database).
$
%

$17,657 down · $185,300 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$277 / month

$

Annual premium

$

Per month

%

$79 / month

Estimated Monthly Payment

$1,684/mo

  • Principal & Interest$1,178
  • Property Tax$277
  • Home Insurance$150
  • FHA MIP$79
Amortization · Remaining Balance

Financed Loan Amount

$188,542

Total Interest

$235,577

Total of Payments

$424,120

*Includes financed FHA Upfront MIP of $3,243

Local Market Insights

Clinton County FHA Mortgage Overview

Clinton County homebuyers using an FHA loan benefit from a low 8.73% down payment, enabling accessible entry. However, with a high 91.27% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, a key factor when considering an FHA loan down payment in Clinton County, Illinois. The 1.64% effective property tax rate, with a 1.9% inflation-adjusted increase, directly impacts monthly affordability. For owner-occupied buyers analyzing Clinton County FHA mortgage options with property taxes, this tax shift raises true housing costs. This data reflects standard primary residences, not investments.

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.