Berrien County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Berrien County, MI Benchmarks

FHA averages

Typical Property Value$249,967

Average Down Payment14.5%

Average Interest Rate6.477%

Effective Tax Rate1.02%

Median Tax Paid$2,429/yr

Tax Growth (Historical)0.0%

Based on 457 regional loans totaling $93,875,000 (HMDA database).

Home Price

Down Payment

$36,245 down · $213,722 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

$212 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$91 / month

Estimated Monthly Payment

$1,825/mo

Principal & Interest$1,372
Property Tax$212
Home Insurance$150
FHA MIP$91

Amortization · Remaining Balance

Financed Loan Amount

$217,462

Total Interest

$276,331

Total of Payments

$493,793

*Includes financed FHA Upfront MIP of $3,740

Local Market Insights

Berrien County FHA Mortgage Overview

In Berrien County, the average FHA buyer puts 14.49% down on a $249,967 home, which is above the FHA minimum. While this reduces the loan balance, the 85.51% LTV means the mandatory Mortgage Insurance Premium (MIP) remains for the loan's life, a key factor for those with sub-620 credit seeking entry. The 1.02% effective property tax rate, with zero inflation-adjusted change, provides stable monthly affordability. When evaluating an FHA loan with PMI and taxes in Berrien County, MI, this down payment offers accessible entry despite the permanent MIP commitment, as all data reflects owner-occupied purchases.

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.