Greene County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Greene County, IL Benchmarks

FHA averages

Typical Property Value$133,438

Average Down Payment11.5%

Average Interest Rate6.505%

Effective Tax Rate0.93%

Median Tax Paid$1,661/yr

Tax Growth (Historical)+3.0%

Based on 32 regional loans totaling $3,630,000 (HMDA database).

Home Price

Down Payment

$15,345 down · $118,093 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$103 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$50 / month

Estimated Monthly Payment

$1,063/mo

Principal & Interest$759
Property Tax$103
Home Insurance$150
FHA MIP$50

Amortization · Remaining Balance

Financed Loan Amount

$120,159

Total Interest

$153,257

Total of Payments

$273,416

*Includes financed FHA Upfront MIP of $2,067

Local Market Insights

Greene County FHA Mortgage Overview

In Greene County, the 11.54% average down payment on FHA loans provides accessible entry for buyers, though this loan type mandates Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for those with sub-620 credit. The 88.46% median loan-to-value ratio confirms a low-equity, owner-occupied market (100% primary residences). Factoring the 0.93% effective property tax rate and a 3.0% inflation-adjusted increase, true monthly affordability is squeezed. When using an FHA loan calculator with PMI and taxes in Greene County, IL, these costs compound. For a Greene County FHA mortgage calculator with property taxes, note the $133,437 average value and 6.505% rate, while the FHA loan limits and tax calculator must account for permanent MIP.

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.