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Jo Daviess County FHA Loan Calculator

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

Loan Details

Jo Daviess County, IL Benchmarks

FHA averages
Typical Property Value$193,621
Average Down Payment15.9%
Average Interest Rate6.429%
Effective Tax Rate1.49%
Median Tax Paid$3,613/yr
Tax Growth (Historical)+3.6%
Based on 29 regional loans totaling $4,635,000 (HMDA database).
$
%

$30,786 down · $162,835 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$240 / month

$

Annual premium

$

Per month

%

$69 / month

Estimated Monthly Payment

$1,499/mo

  • Principal & Interest$1,040
  • Property Tax$240
  • Home Insurance$150
  • FHA MIP$69
Amortization · Remaining Balance

Financed Loan Amount

$165,685

Total Interest

$208,580

Total of Payments

$374,265

*Includes financed FHA Upfront MIP of $2,850

Local Market Insights

Jo Daviess County FHA Mortgage Overview

In Jo Daviess County, the 15.86% weighted average down payment on FHA loans provides accessible entry for buyers, but note that the mandatory Mortgage Insurance Premium (MIP) applies for the life of the loan regardless of equity. With a median Loan-to-Value (LTV) of 84.14% and all purchases for primary occupancy, this market favors those with sub-620 credit scores seeking stable financing. The effective property tax rate of 1.49%, combined with a 3.6% inflation-adjusted tax increase, significantly impacts monthly affordability. When evaluating an FHA mortgage with property taxes, factor in this rising tax burden alongside the 6.429% average interest rate on a $193,620.69 property to understand true long-term costs in Jo Daviess County.

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.