Daviess County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Daviess County, IN Benchmarks

FHA averages

Typical Property Value$207,706

Average Down Payment9.0%

Average Interest Rate6.445%

Effective Tax Rate0.69%

Median Tax Paid$1,351/yr

Tax Growth (Historical)+2.7%

Based on 85 regional loans totaling $15,885,000 (HMDA database).

Home Price

Down Payment

$18,694 down · $189,012 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

$119 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$80 / month

Estimated Monthly Payment

$1,559/mo

Principal & Interest$1,209
Property Tax$119
Home Insurance$150
FHA MIP$80

Amortization · Remaining Balance

Financed Loan Amount

$192,320

Total Interest

$243,020

Total of Payments

$435,340

*Includes financed FHA Upfront MIP of $3,308

Local Market Insights

Daviess County FHA Mortgage Overview

For Daviess County homebuyers exploring an FHA loan, the average 9.04% down payment on a $207,706 property provides accessible entry, but note that FHA Mortgage Insurance Premiums (MIP) are required for the entire loan term due to the 90.96% loan-to-value ratio. This makes it ideal for buyers with sub-620 credit scores. The 0.69% effective property tax rate, adjusted upward by 2.7% for inflation, adds roughly $120 to monthly affordability calculations. When evaluating an FHA loan with PMI and taxes in Daviess County, IN, this data confirms primary residence purchases dominate, not investments.

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.