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Wheatland County FHA Loan Calculator

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

Loan Details

Wheatland County, MT Benchmarks

FHA averages
Typical Property Value$360,000
Average Down Payment28.1%
Average Interest Rate5.750%
Effective Tax Rate0.48%
Median Tax Paid$1,013/yr
Tax Growth (Historical)-12.4%
Based on 2 regional loans totaling $400,000 (HMDA database).
$
%

$101,160 down · $258,840 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$144 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,941/mo

  • Principal & Interest$1,537
  • Property Tax$144
  • Home Insurance$150
  • FHA MIP$110
Amortization · Remaining Balance

Financed Loan Amount

$263,370

Total Interest

$289,934

Total of Payments

$553,303

*Includes financed FHA Upfront MIP of $4,530

Local Market Insights

Wheatland County FHA Mortgage Overview

In Wheatland County, the average FHA borrower secures a property valued at $360,000 with a substantial 28.08% down payment, resulting in a low 71.92% loan-to-value ratio. Despite this equity, FHA loans require Mortgage Insurance Premiums (MIP) for the life of the loan, making this financing ideal for buyers with sub-620 credit scores who prioritize occupancy over premium costs. The effective property tax rate of 0.48% is modest, and the recent -12.4% inflation-adjusted tax change further reduces monthly affordability. For a complete picture of your true monthly outlay, including MIP and taxes, review a localized Wheatland County FHA mortgage breakdown with property taxes.

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.