Wells County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Wells County, IN Benchmarks

FHA averages

Typical Property Value$237,150

Average Down Payment12.5%

Average Interest Rate6.386%

Effective Tax Rate0.49%

Median Tax Paid$1,065/yr

Tax Growth (Historical)+12.3%

Based on 107 regional loans totaling $21,295,000 (HMDA database).

Home Price

Down Payment

$29,644 down · $207,506 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

$97 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$88 / month

Estimated Monthly Payment

$1,654/mo

Principal & Interest$1,319
Property Tax$97
Home Insurance$150
FHA MIP$88

Amortization · Remaining Balance

Financed Loan Amount

$211,138

Total Interest

$263,809

Total of Payments

$474,947

*Includes financed FHA Upfront MIP of $3,631

Local Market Insights

Wells County FHA Mortgage Overview

For Wells County homebuyers, the 12.49% average down payment on an FHA loan provides accessible entry, but note that Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of equity. With an 87.51% Loan-to-Value ratio and 100% primary occupancy, this data reflects owner-occupied purchases. The effective property tax rate of 0.49% is low, but the recent inflation-adjusted tax shift of 12.3% will meaningfully increase monthly costs. When using an FHA loan calculator with PMI and taxes in Wells County, IN, factor in this tax growth. The average property value of $237,149.53 and 6.386% rate highlight that the FHA down payment calculator in Wells County, Indiana must include mandatory MIP for true affordability.

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.