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Washington County FHA Loan Calculator

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

Loan Details

Washington County, IN Benchmarks

FHA averages
Typical Property Value$214,160
Average Down Payment10.4%
Average Interest Rate6.408%
Effective Tax Rate0.59%
Median Tax Paid$1,091/yr
Tax Growth (Historical)0.0%
Based on 131 regional loans totaling $24,845,000 (HMDA database).
$
%

$22,273 down · $191,887 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$105 / month

$

Annual premium

$

Per month

%

$81 / month

Estimated Monthly Payment

$1,559/mo

  • Principal & Interest$1,223
  • Property Tax$105
  • Home Insurance$150
  • FHA MIP$81
Amortization · Remaining Balance

Financed Loan Amount

$195,245

Total Interest

$244,873

Total of Payments

$440,118

*Includes financed FHA Upfront MIP of $3,358

Local Market Insights

Washington County FHA Mortgage Overview

In Washington County, the 10.36% average down payment on an FHA loan provides accessible entry, but note that FHA's mandatory Mortgage Insurance Premium (MIP) is required for the life of the loan, regardless of equity. With an 89.64% loan-to-value ratio, this data confirms 100% owner-occupied purchases. The 0.59% effective property tax rate, coupled with a 0.0% inflation-adjusted change, keeps monthly costs stable. When using an FHA loan calculator with PMI and taxes in Washington County, IN, these figures highlight predictable affordability for buyers with sub-620 credit scores.

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.