Monroe County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Monroe 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

Monroe County, WI Benchmarks

FHA averages

Typical Property Value$250,826

Average Down Payment11.0%

Average Interest Rate6.442%

Effective Tax Rate1.25%

Home Price

Down Payment

$27,591 down · $223,235 financed

Estimated Monthly Payment

$1,933/mo

Principal & Interest$1,427
Property Tax$261
Home Insurance$150
FHA MIP$95

Amortization · Remaining Balance

Financed Loan Amount

$227,142

Total Interest

$286,484

Total of Payments

$513,626

*Includes financed FHA Upfront MIP of $3,907

Local Market Insights

Monroe County FHA Mortgage Overview

In Monroe County, the 11.02% average down payment on FHA loans provides accessible entry for buyers, though mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan due to the 88.98% loan-to-value ratio. This data, reflecting 100% primary occupancy, suggests FHA is ideal for those with sub-620 credit scores seeking an FHA loan down payment in Monroe County, Wisconsin. The effective property tax rate of 1.25% adds roughly $261 monthly on a $250,826 home, but the recent -2.1% inflation-adjusted tax change offers slight relief. For an FHA mortgage with property taxes, the 6.442% interest rate and permanent MIP must be factored into true monthly 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.