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Noble County FHA Loan Calculator

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

Loan Details

Noble County, IN Benchmarks

FHA averages
Typical Property Value$221,829
Average Down Payment13.2%
Average Interest Rate6.467%
Effective Tax Rate0.66%
Median Tax Paid$1,310/yr
Tax Growth (Historical)+1.7%
Based on 205 regional loans totaling $38,615,000 (HMDA database).
$
%

$29,281 down · $192,548 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$122 / month

$

Annual premium

$

Per month

%

$82 / month

Estimated Monthly Payment

$1,588/mo

  • Principal & Interest$1,234
  • Property Tax$122
  • Home Insurance$150
  • FHA MIP$82
Amortization · Remaining Balance

Financed Loan Amount

$195,917

Total Interest

$248,491

Total of Payments

$444,408

*Includes financed FHA Upfront MIP of $3,370

Local Market Insights

Noble County FHA Mortgage Overview

For Noble County homebuyers using an FHA loan, the 13.17% average down payment provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of this equity level. The median 86.83% loan-to-value ratio confirms most buyers are owner-occupants with sub-620 credit profiles. The effective 0.66% property tax rate is low, yet the recent 1.7% inflation-adjusted tax increase will modestly raise monthly costs. When evaluating an FHA loan with PMI and taxes in Noble County, IN, this stable tax environment supports long-term affordability despite the permanent MIP.

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.