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Johnson County FHA Loan Calculator

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

Loan Details

Johnson County, IL Benchmarks

FHA averages
Typical Property Value$176,714
Average Down Payment11.1%
Average Interest Rate6.335%
Effective Tax Rate1.33%
Median Tax Paid$1,992/yr
Tax Growth (Historical)-1.0%
Based on 35 regional loans totaling $5,485,000 (HMDA database).
$
%

$19,615 down · $157,099 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$196 / month

$

Annual premium

$

Per month

%

$67 / month

Estimated Monthly Payment

$1,405/mo

  • Principal & Interest$993
  • Property Tax$196
  • Home Insurance$150
  • FHA MIP$67
Amortization · Remaining Balance

Financed Loan Amount

$159,848

Total Interest

$197,468

Total of Payments

$357,316

*Includes financed FHA Upfront MIP of $2,749

Local Market Insights

Johnson County FHA Mortgage Overview

For Johnson County homebuyers, the 11.14% average down payment on FHA loans provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life due to the 88.86% loan-to-value ratio. This FHA loan down payment data in Johnson County, Illinois, suits those with sub-620 credit scores. The effective property tax rate of 1.33% adds $196 monthly to a $176,714 home, but the recent -1.0% inflation-adjusted tax change offers slight relief. When using a Johnson County FHA mortgage with property taxes, remember MIP is permanent. This data reflects 100% owner-occupied 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.