Crawford County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Crawford County, MI Benchmarks

FHA averages

Typical Property Value$194,375

Average Down Payment11.7%

Average Interest Rate6.425%

Effective Tax Rate1.00%

Median Tax Paid$1,734/yr

Tax Growth (Historical)+2.6%

Based on 64 regional loans totaling $10,460,000 (HMDA database).

Home Price

Down Payment

$22,742 down · $171,633 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

$162 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$73 / month

Estimated Monthly Payment

$1,479/mo

Principal & Interest$1,095
Property Tax$162
Home Insurance$150
FHA MIP$73

Amortization · Remaining Balance

Financed Loan Amount

$174,637

Total Interest

$219,438

Total of Payments

$394,074

*Includes financed FHA Upfront MIP of $3,004

Local Market Insights

Crawford County FHA Mortgage Overview

For Crawford County homebuyers, the 11.71% average down payment on an FHA loan provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life—ideal for those with sub-620 credit. With an 88.29% loan-to-value ratio and 100% primary occupancy, this data reflects standard owner-occupied purchases. The 1.00% effective property tax rate, adjusted upward by 2.6% for inflation, adds roughly $2,000 annually to true affordability. Understanding Crawford County FHA loan limits and property taxes is critical when evaluating an FHA loan with PMI and taxes in Crawford County, MI.

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.