Benton County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Benton County, IN Benchmarks

FHA averages

Typical Property Value$209,746

Average Down Payment9.0%

Average Interest Rate6.477%

Effective Tax Rate0.71%

Median Tax Paid$1,165/yr

Tax Growth (Historical)+10.4%

Based on 59 regional loans totaling $11,245,000 (HMDA database).

Home Price

Down Payment

$18,877 down · $190,869 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$124 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$81 / month

Estimated Monthly Payment

$1,580/mo

Principal & Interest$1,225
Property Tax$124
Home Insurance$150
FHA MIP$81

Amortization · Remaining Balance

Financed Loan Amount

$194,209

Total Interest

$246,784

Total of Payments

$440,993

*Includes financed FHA Upfront MIP of $3,340

Local Market Insights

Benton County FHA Mortgage Overview

Benton County’s FHA market shows strong first-time buyer activity, with a 91.01% loan-to-value ratio and an 8.99% down payment providing accessible entry. However, because this is an FHA loan, mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s full term, regardless of equity buildup. The effective property tax rate of 0.71% is modest, but a recent 10.4% inflation-adjusted tax shift will increase monthly obligations. For buyers using an FHA loan with PMI and taxes in Benton County, IN, this means higher true affordability costs. All data reflects owner-occupied purchases, not investment properties.

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.