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Sullivan County FHA Loan Calculator

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

Loan Details

Sullivan County, IN Benchmarks

FHA averages
Typical Property Value$185,659
Average Down Payment13.0%
Average Interest Rate6.666%
Effective Tax Rate0.62%
Median Tax Paid$799/yr
Tax Growth (Historical)-6.1%
Based on 91 regional loans totaling $13,715,000 (HMDA database).
$
%

$24,136 down · $161,523 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$96 / month

$

Annual premium

$

Per month

%

$68 / month

Estimated Monthly Payment

$1,372/mo

  • Principal & Interest$1,057
  • Property Tax$96
  • Home Insurance$150
  • FHA MIP$68
Amortization · Remaining Balance

Financed Loan Amount

$164,350

Total Interest

$216,259

Total of Payments

$380,609

*Includes financed FHA Upfront MIP of $2,827

Local Market Insights

Sullivan County FHA Mortgage Overview

For Sullivan County homebuyers using an FHA loan, the 12.98% down payment on a $185,659 average property offers accessible entry, but it mandates Mortgage Insurance Premiums (MIP) for the entire loan term, regardless of equity buildup. The 87.02% LTV ratio confirms this is a low-down-payment strategy, ideal for those with sub-620 credit. The 0.62% effective property tax rate is manageable, and the recent -6.1% inflation-adjusted tax shift provides a slight monthly affordability buffer. When evaluating an FHA loan with PMI and taxes in Sullivan County, IN, buyers should factor this permanent MIP cost alongside the stable tax environment.

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.