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Dearborn County FHA Loan Calculator

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

Loan Details

Dearborn County, IN Benchmarks

FHA averages
Typical Property Value$276,807
Average Down Payment14.7%
Average Interest Rate6.387%
Effective Tax Rate0.72%
Median Tax Paid$1,789/yr
Tax Growth (Historical)+0.5%
Based on 249 regional loans totaling $56,815,000 (HMDA database).
$
%

$40,691 down · $236,116 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$166 / month

$

Annual premium

$

Per month

%

$100 / month

Estimated Monthly Payment

$1,917/mo

  • Principal & Interest$1,501
  • Property Tax$166
  • Home Insurance$150
  • FHA MIP$100
Amortization · Remaining Balance

Financed Loan Amount

$240,248

Total Interest

$300,182

Total of Payments

$540,430

*Includes financed FHA Upfront MIP of $4,132

Local Market Insights

Dearborn County FHA Mortgage Overview

For Dearborn County homebuyers using an FHA loan, the 14.71% average down payment exceeds the 3.5% minimum, reflecting a deliberate strategy to lower monthly costs. However, because this is an FHA loan, the mandatory Mortgage Insurance Premium (MIP) remains for the loan’s life regardless of equity, making this structure ideal for buyers with sub-620 credit scores. The 85.29% loan-to-value ratio confirms strong owner-occupancy (100% primary residence) and moderate leverage. The 0.72% effective property tax rate, adjusted upward by 0.5% for inflation, adds roughly $128 annually to a $276,807 property, directly impacting true monthly affordability when using a Dearborn County FHA mortgage analysis with property taxes.

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.