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Richland County FHA Loan Calculator

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

Loan Details
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

Richland County, WI Benchmarks

FHA averages
Typical Property Value$283,611
Average Down Payment17.1%
Average Interest Rate6.583%
Effective Tax Rate1.09%
$
%

$48,497 down · $235,114 financed

Estimated Monthly Payment

$2,032/mo

  • Principal & Interest$1,525
  • Property Tax$258
  • Home Insurance$150
  • FHA MIP$100
Amortization · Remaining Balance

Financed Loan Amount

$239,228

Total Interest

$309,661

Total of Payments

$548,889

*Includes financed FHA Upfront MIP of $4,114

Local Market Insights

Richland County FHA Mortgage Overview

Richland County’s FHA market shows a 17.15% down payment, exceeding the 3.5% minimum. This reduces the loan amount but, critically, FHA Mortgage Insurance Premiums (MIP) remain mandatory for the loan’s life regardless of equity. The 82.85% Loan-to-Value ratio confirms the buyer is not building 20% equity to cancel MIP, making this ideal for those with sub-620 credit scores. At a 1.09% effective tax rate, a 2.9% inflation-adjusted tax increase directly raises monthly costs. For a $283,611 property, this adds approximately $70 annually, a key factor in any Richland County FHA mortgage analysis 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.