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Cass County FHA Loan Calculator

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

Loan Details

Cass County, IN Benchmarks

FHA averages
Typical Property Value$188,617
Average Down Payment10.9%
Average Interest Rate6.618%
Effective Tax Rate0.69%
Median Tax Paid$910/yr
Tax Growth (Historical)+7.1%
Based on 188 regional loans totaling $30,940,000 (HMDA database).
$
%

$20,559 down · $168,058 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$108 / month

$

Annual premium

$

Per month

%

$71 / month

Estimated Monthly Payment

$1,424/mo

  • Principal & Interest$1,094
  • Property Tax$108
  • Home Insurance$150
  • FHA MIP$71
Amortization · Remaining Balance

Financed Loan Amount

$170,999

Total Interest

$222,970

Total of Payments

$393,969

*Includes financed FHA Upfront MIP of $2,941

Local Market Insights

Cass County FHA Mortgage Overview

For Cass County homebuyers, the 10.91% average down payment on an FHA loan provides accessible entry, especially for those with sub-620 credit. However, this low equity (89.09% LTV) means the mandatory Mortgage Insurance Premium (MIP) is required for the life of the loan, a key factor when evaluating a Cass County FHA loan with PMI and taxes. The effective property tax rate of 0.69% is modest, but the recent 7.1% inflation-adjusted increase adds $125 annually to a typical $188,617 property. This shift directly impacts monthly affordability, making a thorough Cass County FHA mortgage analysis with property taxes essential for budgeting. All data reflects 100% owner-occupied purchases.

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.