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Stephenson County FHA Loan Calculator

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

Loan Details

Stephenson County, IL Benchmarks

FHA averages
Typical Property Value$168,448
Average Down Payment9.5%
Average Interest Rate6.565%
Effective Tax Rate2.09%
Median Tax Paid$3,240/yr
Tax Growth (Historical)+0.1%
Based on 145 regional loans totaling $21,165,000 (HMDA database).
$
%

$16,003 down · $152,445 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$293 / month

$

Annual premium

$

Per month

%

$65 / month

Estimated Monthly Payment

$1,496/mo

  • Principal & Interest$988
  • Property Tax$293
  • Home Insurance$150
  • FHA MIP$65
Amortization · Remaining Balance

Financed Loan Amount

$155,113

Total Interest

$200,413

Total of Payments

$355,526

*Includes financed FHA Upfront MIP of $2,668

Local Market Insights

Stephenson County FHA Mortgage Overview

In Stephenson County, the typical FHA buyer places just 9.52% down on a $168,448 property, requiring mandatory Mortgage Insurance Premiums (MIP) for the loan’s lifetime—ideal for those with sub-620 credit. With a 90.48% loan-to-value ratio and 100% owner-occupancy, this market prioritizes accessible entry over equity building. The 2.09% effective property tax rate, adjusted upward by only 0.1% for inflation, keeps monthly costs stable. For an FHA loan with PMI and taxes in Stephenson County, IL, this low barrier to entry is a key advantage, though the permanent MIP must be factored into affordability.

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.