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Williamson County FHA Loan Calculator

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

Loan Details

Williamson County, IL Benchmarks

FHA averages
Typical Property Value$177,451
Average Down Payment9.7%
Average Interest Rate6.485%
Effective Tax Rate1.57%
Median Tax Paid$2,690/yr
Tax Growth (Historical)+4.8%
Based on 204 regional loans totaling $31,510,000 (HMDA database).
$
%

$17,213 down · $160,238 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$232 / month

$

Annual premium

$

Per month

%

$68 / month

Estimated Monthly Payment

$1,480/mo

  • Principal & Interest$1,029
  • Property Tax$232
  • Home Insurance$150
  • FHA MIP$68
Amortization · Remaining Balance

Financed Loan Amount

$163,042

Total Interest

$207,566

Total of Payments

$370,608

*Includes financed FHA Upfront MIP of $2,804

Local Market Insights

Williamson County FHA Mortgage Overview

Williamson County homebuyers using FHA loans benefit from a low 9.71% average down payment, providing accessible entry despite mandatory Mortgage Insurance Premiums (MIP) for the loan's life. This data reflects 100% primary residences. With a 90.29% loan-to-value ratio, the MIP is permanent, making this an ideal path for buyers with sub-620 credit. The 1.57% property tax rate, coupled with a 4.8% inflation-adjusted increase, significantly impacts monthly affordability. When evaluating an FHA loan with PMI and taxes in Williamson County, IL, remember this tax shift raises true costs. For precise monthly projections, review Williamson County FHA loan limits and tax scenarios locally.

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.