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Bartholomew County FHA Loan Calculator

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

Loan Details

Bartholomew County, IN Benchmarks

FHA averages
Typical Property Value$249,225
Average Down Payment9.8%
Average Interest Rate6.345%
Effective Tax Rate0.71%
Median Tax Paid$1,738/yr
Tax Growth (Historical)+5.6%
Based on 329 regional loans totaling $73,125,000 (HMDA database).
$
%

$24,424 down · $224,801 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$147 / month

$

Annual premium

$

Per month

%

$95 / month

Estimated Monthly Payment

$1,815/mo

  • Principal & Interest$1,422
  • Property Tax$147
  • Home Insurance$150
  • FHA MIP$95
Amortization · Remaining Balance

Financed Loan Amount

$228,735

Total Interest

$283,105

Total of Payments

$511,840

*Includes financed FHA Upfront MIP of $3,934

Local Market Insights

Bartholomew County FHA Mortgage Overview

Bartholomew County FHA buyers benefit from the low 9.76% down payment, offering accessible entry despite requiring mandatory Mortgage Insurance Premiums (MIP) for the loan’s life. The 90.24% loan-to-value ratio confirms this is a high-LTV, owner-occupied market. The effective property tax rate of 0.71% is manageable, but the recent 5.6% inflation-adjusted tax increase will modestly raise monthly affordability. When evaluating an FHA loan with PMI and taxes in Bartholomew County, IN, the 6.345% interest rate combined with these tax shifts makes precise budgeting essential for long-term costs.

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.