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Clinton County FHA Loan Calculator

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

Loan Details

Clinton County, IN Benchmarks

FHA averages
Typical Property Value$220,030
Average Down Payment13.8%
Average Interest Rate6.431%
Effective Tax Rate0.64%
Median Tax Paid$980/yr
Tax Growth (Historical)-2.9%
Based on 166 regional loans totaling $30,170,000 (HMDA database).
$
%

$30,364 down · $189,666 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$117 / month

$

Annual premium

$

Per month

%

$80 / month

Estimated Monthly Payment

$1,559/mo

  • Principal & Interest$1,211
  • Property Tax$117
  • Home Insurance$150
  • FHA MIP$80
Amortization · Remaining Balance

Financed Loan Amount

$192,985

Total Interest

$242,948

Total of Payments

$435,933

*Includes financed FHA Upfront MIP of $3,319

Local Market Insights

Clinton County FHA Mortgage Overview

For Clinton County FHA buyers, the 13.81% down payment on a $220,030 average property provides accessible entry, yet mandates Mortgage Insurance Premiums (MIP) for the loan's life, a key factor when evaluating an FHA loan down payment in Clinton County, Indiana. With a high 86.19% LTV and 100% primary occupancy, this data reflects owner-occupants, not investors. The 0.64% effective tax rate, combined with a -2.9% inflation-adjusted tax decrease, lowers true monthly costs. When using a Clinton County FHA mortgage analysis with property taxes, note MIP cannot be canceled, making this structure ideal for sub-620 credit borrowers despite the 13.81% down.

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.