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Miami County FHA Loan Calculator

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

Loan Details

Miami County, IN Benchmarks

FHA averages
Typical Property Value$176,641
Average Down Payment13.5%
Average Interest Rate6.634%
Effective Tax Rate0.48%
Median Tax Paid$756/yr
Tax Growth (Historical)+7.5%
Based on 128 regional loans totaling $19,030,000 (HMDA database).
$
%

$23,847 down · $152,794 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$71 / month

$

Annual premium

$

Per month

%

$65 / month

Estimated Monthly Payment

$1,281/mo

  • Principal & Interest$996
  • Property Tax$71
  • Home Insurance$150
  • FHA MIP$65
Amortization · Remaining Balance

Financed Loan Amount

$155,468

Total Interest

$203,090

Total of Payments

$358,558

*Includes financed FHA Upfront MIP of $2,674

Local Market Insights

Miami County FHA Mortgage Overview

For Miami County homebuyers using an FHA loan, the 13.51% average down payment provides accessible entry, but note that Mortgage Insurance Premiums (MIP) remain for the loan’s life regardless of this equity level. With an 86.49% loan-to-value ratio and 100% primary occupancy, this data reflects standard owner-occupied purchases. The effective property tax rate of 0.48% is low, yet the recent 7.5% inflation-adjusted tax increase will raise monthly costs. When evaluating an FHA loan with PMI and taxes in Miami County, IN, or using an FHA loan down payment analysis, factor in the 6.634% average interest rate and $176,640 property value to gauge true affordability.

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.