Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Illinois>Moultrie County (FHA)

Moultrie County FHA Loan Calculator

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

Loan Details

Moultrie County, IL Benchmarks

FHA averages
Typical Property Value$160,172
Average Down Payment11.5%
Average Interest Rate6.635%
Effective Tax Rate1.74%
Median Tax Paid$2,414/yr
Tax Growth (Historical)+1.1%
Based on 29 regional loans totaling $4,095,000 (HMDA database).
$
%

$18,420 down · $141,752 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$232 / month

$

Annual premium

$

Per month

%

$60 / month

Estimated Monthly Payment

$1,366/mo

  • Principal & Interest$924
  • Property Tax$232
  • Home Insurance$150
  • FHA MIP$60
Amortization · Remaining Balance

Financed Loan Amount

$144,233

Total Interest

$188,413

Total of Payments

$332,646

*Includes financed FHA Upfront MIP of $2,481

Local Market Insights

Moultrie County FHA Mortgage Overview

In Moultrie County, the typical FHA buyer puts 11.50% down on a $160K home, which is below the minimum 20% threshold. Because this is an FHA loan, the mandatory Mortgage Insurance Premium (MIP) remains for the entire loan term, regardless of equity buildup. With an 88.50% Loan-to-Value ratio and 100% primary occupancy, this data reflects owner-occupants, not investors. The effective 1.74% property tax rate, adjusted upward by 1.1% for inflation, adds roughly $232 monthly to true affordability. For those seeking an FHA loan with PMI and taxes in Moultrie County, IL, this high LTV and low down payment profile favors buyers with sub-620 credit scores who need accessible entry, despite permanent MIP costs.

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.