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Macoupin County FHA Loan Calculator

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

Loan Details

Macoupin County, IL Benchmarks

FHA averages
Typical Property Value$165,294
Average Down Payment11.6%
Average Interest Rate6.507%
Effective Tax Rate1.39%
Median Tax Paid$2,073/yr
Tax Growth (Historical)+1.1%
Based on 136 regional loans totaling $19,280,000 (HMDA database).
$
%

$19,174 down · $146,120 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$191 / month

$

Annual premium

$

Per month

%

$62 / month

Estimated Monthly Payment

$1,344/mo

  • Principal & Interest$941
  • Property Tax$191
  • Home Insurance$150
  • FHA MIP$62
Amortization · Remaining Balance

Financed Loan Amount

$148,677

Total Interest

$189,981

Total of Payments

$338,658

*Includes financed FHA Upfront MIP of $2,557

Local Market Insights

Macoupin County FHA Mortgage Overview

Macoupin County homebuyers using FHA loans benefit from accessible entry with an 11.57% down payment on an average property value of $165,294. However, with an 88.43% Loan-to-Value ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan—ideal for those with sub-620 credit scores. The effective property tax rate of 1.39% and a 1.1% inflation-adjusted tax increase add roughly $2,300 annually to true monthly affordability. This data reflects 100% primary residences, not investments. For detailed cost assessments, explore FHA loan with PMI and taxes in Macoupin County, IL, or review Macoupin County FHA loan limits and 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.