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Sheboygan County FHA Loan Calculator

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

Loan Details

Sheboygan County, WI Benchmarks

FHA averages
Typical Property Value$266,176
Average Down Payment12.3%
Average Interest Rate6.540%
Effective Tax Rate1.23%
Median Tax Paid$3,236/yr
Tax Growth (Historical)-2.9%
Based on 259 regional loans totaling $58,235,000 (HMDA database).
$
%

$32,740 down · $233,436 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$273 / month

$

Annual premium

$

Per month

%

$99 / month

Estimated Monthly Payment

$2,029/mo

  • Principal & Interest$1,508
  • Property Tax$273
  • Home Insurance$150
  • FHA MIP$99
Amortization · Remaining Balance

Financed Loan Amount

$237,521

Total Interest

$305,197

Total of Payments

$542,718

*Includes financed FHA Upfront MIP of $4,085

Local Market Insights

Sheboygan County FHA Mortgage Overview

For Sheboygan County homebuyers utilizing FHA financing, the 12.31% average down payment and 87.69% loan-to-value ratio create accessible entry. However, with FHA, the mandatory Mortgage Insurance Premium (MIP) applies for the entire loan term, regardless of equity buildup. The effective property tax rate of 1.23% on a $266,176 average property adds roughly $273 monthly to housing costs. A recent -2.9% inflation-adjusted tax change offers slight relief. When evaluating a Sheboygan County FHA loan with PMI and taxes, this lower down payment structure suits buyers with sub-620 credit, but the permanent MIP is a key cost factor for 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.