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Union County FHA Loan Calculator

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

Loan Details

Union County, IN Benchmarks

FHA averages
Typical Property Value$195,000
Average Down Payment12.6%
Average Interest Rate6.536%
Effective Tax Rate0.71%
Median Tax Paid$1,116/yr
Tax Growth (Historical)-5.4%
Based on 24 regional loans totaling $4,100,000 (HMDA database).
$
%

$24,570 down · $170,430 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$115 / month

$

Annual premium

$

Per month

%

$72 / month

Estimated Monthly Payment

$1,438/mo

  • Principal & Interest$1,101
  • Property Tax$115
  • Home Insurance$150
  • FHA MIP$72
Amortization · Remaining Balance

Financed Loan Amount

$173,413

Total Interest

$222,822

Total of Payments

$396,234

*Includes financed FHA Upfront MIP of $2,983

Local Market Insights

Union County FHA Mortgage Overview

Union County’s FHA market shows accessible entry with a 12.59% down payment on a $195,000 home. While this reduces upfront costs, mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 87.41% LTV ratio, making this ideal for buyers with sub-620 credit. The 0.71% property tax rate is low, and the recent -5.4% inflation-adjusted tax change eases monthly affordability. For an FHA mortgage with PMI and taxes in Union County, IN, this data confirms owner-occupied homebuyers benefit from stable, low-tax costs—critical when evaluating Union County FHA loan limits and tax impacts.

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.