Pike County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Pike County, IN Benchmarks

FHA averages

Typical Property Value$198,636

Average Down Payment12.3%

Average Interest Rate6.407%

Effective Tax Rate0.77%

Median Tax Paid$1,206/yr

Tax Growth (Historical)+12.1%

Based on 55 regional loans totaling $9,065,000 (HMDA database).

Home Price

Down Payment

$24,432 down · $174,204 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

$127 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$74 / month

Estimated Monthly Payment

$1,461/mo

Principal & Interest$1,110
Property Tax$127
Home Insurance$150
FHA MIP$74

Amortization · Remaining Balance

Financed Loan Amount

$177,252

Total Interest

$222,306

Total of Payments

$399,558

*Includes financed FHA Upfront MIP of $3,049

Local Market Insights

Pike County FHA Mortgage Overview

Pike County homebuyers using FHA loans benefit from a manageable 12.31% average down payment, providing accessible entry despite mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for those with sub-620 credit scores. The 87.69% loan-to-value ratio confirms this data reflects owner-occupied purchases, not investments. However, the effective property tax rate of 0.77% and a 12.1% inflation-adjusted tax increase will impact monthly affordability, so factoring in Pike County FHA loan limits and property taxes is essential when evaluating your FHA loan down payment with PMI and taxes in Pike County, IN.

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.