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Phillips County FHA Loan Calculator

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

Loan Details

Phillips County, MT Benchmarks

FHA averages
Typical Property Value$221,667
Average Down Payment11.5%
Average Interest Rate6.047%
Effective Tax Rate0.54%
Median Tax Paid$1,551/yr
Tax Growth (Historical)+1.4%
Based on 6 regional loans totaling $1,120,000 (HMDA database).
$
%

$25,492 down · $196,175 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$100 / month

$

Annual premium

$

Per month

%

$83 / month

Estimated Monthly Payment

$1,536/mo

  • Principal & Interest$1,203
  • Property Tax$100
  • Home Insurance$150
  • FHA MIP$83
Amortization · Remaining Balance

Financed Loan Amount

$199,608

Total Interest

$233,535

Total of Payments

$433,144

*Includes financed FHA Upfront MIP of $3,433

Local Market Insights

Phillips County FHA Mortgage Overview

For homebuyers in Phillips County, the weighted average FHA down payment of 11.54% offers accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, regardless of equity. The 88.46% median loan-to-value (LTV) ratio confirms this is a standard owner-occupied purchase, not an investment property. The effective property tax rate of 0.54% is low, though the recent 1.4% inflation-adjusted tax shift may increase monthly costs slightly. When evaluating an FHA loan with PMI and taxes in Phillips County, MT, these factors directly shape true affordability.

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.