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Shiawassee County FHA Loan Calculator

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

Loan Details

Shiawassee County, MI Benchmarks

FHA averages
Typical Property Value$217,722
Average Down Payment12.2%
Average Interest Rate6.474%
Effective Tax Rate1.12%
Median Tax Paid$2,251/yr
Tax Growth (Historical)-1.4%
Based on 338 regional loans totaling $62,450,000 (HMDA database).
$
%

$26,562 down · $191,160 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$203 / month

$

Annual premium

$

Per month

%

$81 / month

Estimated Monthly Payment

$1,660/mo

  • Principal & Interest$1,226
  • Property Tax$203
  • Home Insurance$150
  • FHA MIP$81
Amortization · Remaining Balance

Financed Loan Amount

$194,505

Total Interest

$246,700

Total of Payments

$441,205

*Includes financed FHA Upfront MIP of $3,345

Local Market Insights

Shiawassee County FHA Mortgage Overview

For Shiawassee County homebuyers, an FHA loan with a 12.22% down payment on a $217,722 property offers accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for those with sub-620 credit. The 87.78% loan-to-value ratio reinforces this, as you cannot cancel MIP through equity building. The 1.12% effective property tax rate, adjusted down by 1.4% for inflation, slightly improves monthly affordability. This data reflects 100% owner-occupied purchases, not investments, making an FHA loan with PMI and taxes in Shiawassee County, MI a stable, long-term commitment for primary residences.

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.