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Madison County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Madison County, MT Benchmarks

FHA averages
Typical Property Value$473,571
Average Down Payment30.9%
Average Interest Rate6.346%
Effective Tax Rate0.34%
$
%

$146,333 down · $327,238 financed

Estimated Monthly Payment

$2,495/mo

  • Principal & Interest$2,072
  • Property Tax$134
  • Home Insurance$150
  • FHA MIP$139
Amortization · Remaining Balance

Financed Loan Amount

$332,964

Total Interest

$412,892

Total of Payments

$745,856

*Includes financed FHA Upfront MIP of $5,727

Local Market Insights

Madison County FHA Mortgage Overview

In Madison County, the average 30.90% down payment on an FHA loan significantly exceeds the typical 3.5% minimum, reflecting strong local equity. However, Mortgage Insurance Premiums (MIP) remain mandatory for the loan’s entire life, regardless of this equity, making it suitable for buyers with sub-620 credit. The 69.10% Loan-to-Value ratio and 100% primary occupancy rate indicate a low-risk, owner-occupied market. With a 0.34% effective property tax rate and a recent 4.4% inflation-adjusted increase, monthly affordability is tightly tied to these tax shifts when evaluating FHA loan limits and property taxes in Madison County, MT.

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.