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Warren County FHA Loan Calculator

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

Loan Details

Warren County, IL Benchmarks

FHA averages
Typical Property Value$154,231
Average Down Payment7.2%
Average Interest Rate6.556%
Effective Tax Rate1.28%
Median Tax Paid$1,903/yr
Tax Growth (Historical)-3.9%
Based on 26 regional loans totaling $3,750,000 (HMDA database).
$
%

$11,105 down · $143,126 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$165 / month

$

Annual premium

$

Per month

%

$61 / month

Estimated Monthly Payment

$1,301/mo

  • Principal & Interest$926
  • Property Tax$165
  • Home Insurance$150
  • FHA MIP$61
Amortization · Remaining Balance

Financed Loan Amount

$145,631

Total Interest

$187,816

Total of Payments

$333,447

*Includes financed FHA Upfront MIP of $2,505

Local Market Insights

Warren County FHA Mortgage Overview

For Warren County homebuyers using an FHA loan, the 7.24% average down payment and 92.76% loan-to-value ratio provide accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, ideal for those with sub-620 credit. With a $154,231 average property value and 6.556% rate, the 1.28% effective tax rate and recent -3.9% inflation-adjusted tax decrease slightly improve monthly affordability. This data reflects 100% primary residences, so an FHA loan calculator with PMI and taxes in Warren County, IL, or a Warren County FHA mortgage calculator with property taxes helps estimate true costs, though the MIP remains permanent.

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.