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Pulaski County FHA Loan Calculator

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

Loan Details

Pulaski County, IL Benchmarks

FHA averages
Typical Property Value$130,000
Average Down Payment16.7%
Average Interest Rate6.745%
Effective Tax Rate1.03%
Median Tax Paid$869/yr
Tax Growth (Historical)+26.2%
Based on 6 regional loans totaling $640,000 (HMDA database).
$
%

$21,710 down · $108,290 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$112 / month

$

Annual premium

$

Per month

%

$46 / month

Estimated Monthly Payment

$1,022/mo

  • Principal & Interest$715
  • Property Tax$112
  • Home Insurance$150
  • FHA MIP$46
Amortization · Remaining Balance

Financed Loan Amount

$110,185

Total Interest

$147,092

Total of Payments

$257,277

*Includes financed FHA Upfront MIP of $1,895

Local Market Insights

Pulaski County FHA Mortgage Overview

In Pulaski County, the 16.71% average down payment on FHA loans provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) remains for the loan's life due to the 83.29% loan-to-value ratio. This is ideal for buyers with sub-620 credit scores. The 1.03% effective property tax rate, combined with a 26.2% inflation-adjusted tax increase, significantly impacts monthly affordability. When evaluating an FHA loan with PMI and taxes in Pulaski County, IL, remember that property taxes have risen faster than inflation, making total monthly costs higher than the base payment suggests. All loans here represent 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.