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Iron County FHA Loan Calculator

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

Loan Details

Iron County, WI Benchmarks

FHA averages
Typical Property Value$227,143
Average Down Payment18.4%
Average Interest Rate6.151%
Effective Tax Rate0.98%
Median Tax Paid$1,768/yr
Tax Growth (Historical)-3.5%
Based on 14 regional loans totaling $2,440,000 (HMDA database).
$
%

$41,794 down · $185,349 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$186 / month

$

Annual premium

$

Per month

%

$79 / month

Estimated Monthly Payment

$1,563/mo

  • Principal & Interest$1,149
  • Property Tax$186
  • Home Insurance$150
  • FHA MIP$79
Amortization · Remaining Balance

Financed Loan Amount

$188,592

Total Interest

$225,032

Total of Payments

$413,625

*Includes financed FHA Upfront MIP of $3,244

Local Market Insights

Iron County FHA Mortgage Overview

For Iron County homebuyers using an FHA loan, the 18.43% down payment on a $227,143 property provides accessible entry, but mandates Mortgage Insurance Premiums (MIP) for the loan’s life due to the 81.57% LTV ratio. This structure suits buyers with sub-620 credit scores seeking primary residences. The 0.98% effective property tax rate, with a recent -3.5% inflation-adjusted decrease, lowers monthly costs. When evaluating an FHA loan with PMI and taxes in Iron County, WI, this tax relief partially offsets the permanent MIP. For precise monthly affordability, consider an Iron County FHA mortgage analysis incorporating property taxes and current loan limits.

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.