Washburn County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Washburn County, WI Benchmarks

FHA averages

Typical Property Value$238,158

Average Down Payment12.4%

Average Interest Rate6.496%

Effective Tax Rate0.98%

Median Tax Paid$2,377/yr

Tax Growth (Historical)0.0%

Based on 38 regional loans totaling $7,860,000 (HMDA database).

Home Price

Down Payment

$29,532 down · $208,626 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$194 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$88 / month

Estimated Monthly Payment

$1,775/mo

Principal & Interest$1,342
Property Tax$194
Home Insurance$150
FHA MIP$88

Amortization · Remaining Balance

Financed Loan Amount

$212,277

Total Interest

$270,748

Total of Payments

$483,025

*Includes financed FHA Upfront MIP of $3,651

Local Market Insights

Washburn County FHA Mortgage Overview

Washburn County FHA buyers benefit from the accessible 12.44% down payment, which is below the typical 20% threshold. However, with an 87.56% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan, making this ideal for those with sub-620 credit. The 0.98% effective property tax rate, combined with a 0.0% inflation-adjusted tax change, provides stable monthly affordability for primary residences. When analyzing a Washburn County FHA loan with PMI and taxes, the average property value of $238,158 and 6.496% interest rate create a predictable cost structure for owner-occupants.

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.