Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Indiana>Wabash County (FHA)

Wabash County FHA Loan Calculator

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

Loan Details

Wabash County, IN Benchmarks

FHA averages
Typical Property Value$197,881
Average Down Payment12.3%
Average Interest Rate6.607%
Effective Tax Rate0.51%
Median Tax Paid$813/yr
Tax Growth (Historical)+3.1%
Based on 118 regional loans totaling $19,810,000 (HMDA database).
$
%

$24,339 down · $173,542 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$84 / month

$

Annual premium

$

Per month

%

$74 / month

Estimated Monthly Payment

$1,437/mo

  • Principal & Interest$1,129
  • Property Tax$84
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$176,579

Total Interest

$229,826

Total of Payments

$406,405

*Includes financed FHA Upfront MIP of $3,037

Local Market Insights

Wabash County FHA Mortgage Overview

With an 87.69% loan-to-value ratio and a 12.31% down payment, Wabash County FHA buyers are leveraging accessible entry points. However, FHA mortgage insurance premiums (MIP) remain mandatory for the loan's life, regardless of this down payment. The low 0.51% effective property tax rate keeps monthly costs manageable, though the recent 3.1% inflation-adjusted increase adds a modest upward pressure on true affordability. For those evaluating FHA loan down payment options in Wabash County, Indiana, this data confirms a stable, owner-occupied market where tax impacts are currently favorable but require monitoring.

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.