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Lake County FHA Loan Calculator

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

Loan Details

Lake County, MT Benchmarks

FHA averages
Typical Property Value$415,192
Average Down Payment19.6%
Average Interest Rate6.336%
Effective Tax Rate0.48%
Median Tax Paid$2,561/yr
Tax Growth (Historical)+2.0%
Based on 52 regional loans totaling $15,230,000 (HMDA database).
$
%

$81,378 down · $333,814 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$166 / month

$

Annual premium

$

Per month

%

$142 / month

Estimated Monthly Payment

$2,569/mo

  • Principal & Interest$2,111
  • Property Tax$166
  • Home Insurance$150
  • FHA MIP$142
Amortization · Remaining Balance

Financed Loan Amount

$339,656

Total Interest

$420,391

Total of Payments

$760,048

*Includes financed FHA Upfront MIP of $5,842

Local Market Insights

Lake County FHA Mortgage Overview

In Lake County, an FHA loan with a 19.61% down payment on a $415,192 property provides accessible entry, but note that FHA’s mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life, regardless of equity. The 80.39% loan-to-value ratio confirms this is a standard owner-occupied purchase. With an effective property tax rate of 0.48% and a 2.0% inflation-adjusted increase, monthly affordability is modestly impacted. For buyers exploring an FHA loan with PMI and taxes in Lake County, MT, understanding these recurring costs is key. This data reflects typical homebuyers, not investors, making an FHA down payment analysis in Lake County, Montana, essential for budgeting.

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.