Florence County FHA Loan Calculator

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

Loan Details

Baseline

Rates

Taxes & Ins.

DTI

US County (Smart Autofill)

Loan Type

Credit Score (FICO)

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

Florence County, WI Benchmarks

FHA averages

Typical Property Value$199,286

Average Down Payment20.7%

Average Interest Rate6.538%

Effective Tax Rate1.25%

Home Price

Down Payment

$41,252 down · $158,034 financed

Estimated Monthly Payment

$1,445/mo

Principal & Interest$1,021
Property Tax$208
Home Insurance$150
FHA MIP$67

Amortization · Remaining Balance

Financed Loan Amount

$160,799

Total Interest

$206,615

Total of Payments

$367,414

*Includes financed FHA Upfront MIP of $2,766

Local Market Insights

Florence County FHA Mortgage Overview

In Florence County, the average 20.71% down payment on an FHA loan provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life regardless of this equity. The 79.29% loan-to-value ratio confirms strong borrower equity, yet the FHA structure is ideal for those with sub-620 credit scores. Property taxes at 1.25% are manageable, and the recent -8.6% inflation-adjusted tax shift lowers true monthly costs. For an FHA loan with PMI and taxes in Florence County, WI, this data helps assess affordability. All buyers here are purchasing primary residences, not investments.

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.