Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Michigan>Oakland County (FHA)

Oakland County FHA Loan Calculator

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

Loan Details

Oakland County, MI Benchmarks

FHA averages
Typical Property Value$317,617
Average Down Payment13.9%
Average Interest Rate6.332%
Effective Tax Rate1.25%
Median Tax Paid$4,371/yr
Tax Growth (Historical)0.0%
Based on 2,553 regional loans totaling $677,775,000 (HMDA database).
$
%

$44,149 down · $273,468 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$331 / month

$

Annual premium

$

Per month

%

$116 / month

Estimated Monthly Payment

$2,325/mo

  • Principal & Interest$1,728
  • Property Tax$331
  • Home Insurance$150
  • FHA MIP$116
Amortization · Remaining Balance

Financed Loan Amount

$278,254

Total Interest

$343,740

Total of Payments

$621,994

*Includes financed FHA Upfront MIP of $4,786

Local Market Insights

Oakland County FHA Mortgage Overview

In Oakland County, the 13.89% average down payment on FHA loans provides accessible entry, but your mandatory Mortgage Insurance Premium (MIP) is required for the loan's lifetime regardless of equity, making this ideal for buyers with sub-620 credit. With an 86.11% loan-to-value ratio and 100% owner-occupied status, this market reflects standard homebuyers. The 1.25% effective property tax rate, with a 0.0% inflation-adjusted change, offers stable monthly costs. For precise monthly obligations, an FHA loan calculator with PMI and taxes in Oakland County, MI, or an Oakland County FHA mortgage calculator with property taxes can clarify your budget.

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.