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Gibson County FHA Loan Calculator

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

Loan Details

Gibson County, IN Benchmarks

FHA averages
Typical Property Value$209,063
Average Down Payment11.1%
Average Interest Rate6.466%
Effective Tax Rate0.60%
Median Tax Paid$1,301/yr
Tax Growth (Historical)+1.4%
Based on 160 regional loans totaling $29,100,000 (HMDA database).
$
%

$23,206 down · $185,857 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$105 / month

$

Annual premium

$

Per month

%

$79 / month

Estimated Monthly Payment

$1,525/mo

  • Principal & Interest$1,192
  • Property Tax$105
  • Home Insurance$150
  • FHA MIP$79
Amortization · Remaining Balance

Financed Loan Amount

$189,110

Total Interest

$239,856

Total of Payments

$428,966

*Includes financed FHA Upfront MIP of $3,252

Local Market Insights

Gibson County FHA Mortgage Overview

For Gibson County homebuyers using an FHA loan, the average 11.13% down payment on a $209,062 property provides accessible entry, though it triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for those with sub-620 credit. With an 88.87% loan-to-value ratio, this market favors owner-occupants (100% primary residence). The 0.60% effective property tax rate, adjusted upward by 1.4% for inflation, adds roughly $105 monthly to true affordability. When evaluating an FHA loan down payment in Gibson County, IN, remember to factor these taxes and MIP into your monthly budget.

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.