Pope County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Pope County, IL Benchmarks

FHA averages

Typical Property Value$174,091

Average Down Payment10.7%

Average Interest Rate6.409%

Effective Tax Rate0.99%

Median Tax Paid$1,477/yr

Tax Growth (Historical)-15.1%

Based on 11 regional loans totaling $1,675,000 (HMDA database).

Home Price

Down Payment

$18,628 down · $155,463 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

$144 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$66 / month

Estimated Monthly Payment

$1,350/mo

Principal & Interest$990
Property Tax$144
Home Insurance$150
FHA MIP$66

Amortization · Remaining Balance

Financed Loan Amount

$158,184

Total Interest

$198,391

Total of Payments

$356,575

*Includes financed FHA Upfront MIP of $2,721

Local Market Insights

Pope County FHA Mortgage Overview

Pope County’s FHA market shows accessible entry with a 10.74% down payment on a $174,091 average property value. However, with an 89.26% LTV ratio, mandatory MIP remains for the loan’s life—ideal for buyers with sub-620 credit seeking an FHA loan with PMI and taxes in Pope County, IL. The 0.99% effective property tax rate and a -15.1% inflation-adjusted tax decline improve true monthly affordability for primary residences. This data, reflecting 100% owner-occupied purchases, highlights that while down payments are low, the FHA loan down payment in Pope County, Illinois, carries permanent MIP, unlike conventional options.

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.