Perry County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Perry County, IN Benchmarks

FHA averages

Typical Property Value$202,639

Average Down Payment11.8%

Average Interest Rate6.421%

Effective Tax Rate0.63%

Median Tax Paid$1,106/yr

Tax Growth (Historical)+3.1%

Based on 73 regional loans totaling $12,825,000 (HMDA database).

Home Price

Down Payment

$23,911 down · $178,728 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

$106 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$76 / month

Estimated Monthly Payment

$1,472/mo

Principal & Interest$1,140
Property Tax$106
Home Insurance$150
FHA MIP$76

Amortization · Remaining Balance

Financed Loan Amount

$181,855

Total Interest

$228,508

Total of Payments

$410,363

*Includes financed FHA Upfront MIP of $3,128

Local Market Insights

Perry County FHA Mortgage Overview

Perry County FHA buyers benefit from the 11.78% down payment, which is lower than the conventional 20% threshold, making entry more accessible. However, this FHA loan requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, regardless of equity. The 88.22% loan-to-value ratio confirms a modest down payment, ideal for those with sub-620 credit. With a 0.63% property tax rate and a 3.1% inflation-adjusted increase, monthly affordability is stable but rising. An FHA loan calculator with PMI and taxes in Perry County, IN, must account for this permanent MIP. The Perry County FHA mortgage calculator with property taxes should also factor in the $202,638 average value and 6.421% rate for accurate budgeting.

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.