Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Montana>Sheridan County (FHA)

Sheridan County FHA Loan Calculator

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

Loan Details

Sheridan County, MT Benchmarks

FHA averages
Typical Property Value$178,529
Average Down Payment15.6%
Average Interest Rate6.545%
Effective Tax Rate1.01%
Median Tax Paid$1,521/yr
Tax Growth (Historical)+2.7%
Based on 17 regional loans totaling $2,405,000 (HMDA database).
$
%

$27,851 down · $150,678 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$150 / month

$

Annual premium

$

Per month

%

$64 / month

Estimated Monthly Payment

$1,337/mo

  • Principal & Interest$973
  • Property Tax$150
  • Home Insurance$150
  • FHA MIP$64
Amortization · Remaining Balance

Financed Loan Amount

$153,315

Total Interest

$196,998

Total of Payments

$350,314

*Includes financed FHA Upfront MIP of $2,637

Local Market Insights

Sheridan County FHA Mortgage Overview

For Sheridan County homebuyers using an FHA loan, the 15.60% average down payment provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of equity—ideal if your credit is below 620. With an 84.40% loan-to-value ratio and 100% primary occupancy, this market favors owner-occupants. The effective property tax rate of 1.01% and recent 2.7% inflation-adjusted increase add roughly $40 monthly to a typical $178,529 property. When estimating your Sheridan County FHA mortgage payment with property taxes, remember MIP and this tax shift directly impact true monthly affordability. For precise down payment and loan limit scenarios, integrate these factors into your Sheridan County FHA loan analysis.

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.