Jefferson County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Jefferson County, IL Benchmarks

FHA averages

Typical Property Value$164,737

Average Down Payment9.3%

Average Interest Rate6.551%

Effective Tax Rate1.58%

Median Tax Paid$2,148/yr

Tax Growth (Historical)+2.8%

Based on 114 regional loans totaling $16,690,000 (HMDA database).

Home Price

Down Payment

$15,321 down · $149,416 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

$217 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$63 / month

Estimated Monthly Payment

$1,396/mo

Principal & Interest$966
Property Tax$217
Home Insurance$150
FHA MIP$63

Amortization · Remaining Balance

Financed Loan Amount

$152,031

Total Interest

$195,709

Total of Payments

$347,740

*Includes financed FHA Upfront MIP of $2,615

Local Market Insights

Jefferson County FHA Mortgage Overview

Jefferson County's FHA market reveals a strategic path for first-time buyers. With a 9.35% down payment and 90.65% LTV, this loan type offers accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life—ideal for those with sub-620 credit. The 1.58% effective property tax rate, rising 2.8% with inflation, adds ~$217 monthly to true affordability. For precise budgeting, consider an FHA loan calculator with PMI and taxes in Jefferson County, IL, or explore Jefferson County FHA loan limits and tax scenarios. All data reflects owner-occupied primary residences.

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.