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Ogle County FHA Loan Calculator

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

Loan Details

Ogle County, IL Benchmarks

FHA averages
Typical Property Value$239,436
Average Down Payment13.4%
Average Interest Rate6.405%
Effective Tax Rate1.81%
Median Tax Paid$3,889/yr
Tax Growth (Historical)+0.9%
Based on 133 regional loans totaling $27,125,000 (HMDA database).
$
%

$32,084 down · $207,352 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$361 / month

$

Annual premium

$

Per month

%

$88 / month

Estimated Monthly Payment

$1,920/mo

  • Principal & Interest$1,321
  • Property Tax$361
  • Home Insurance$150
  • FHA MIP$88
Amortization · Remaining Balance

Financed Loan Amount

$210,980

Total Interest

$264,607

Total of Payments

$475,587

*Includes financed FHA Upfront MIP of $3,629

Local Market Insights

Ogle County FHA Mortgage Overview

Ogle County’s FHA market reveals a strategic entry point for owner-occupants. The 13.36% down payment, while above FHA’s 3.5% minimum, still provides accessible homeownership. However, the 86.64% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) persist for the loan’s life—a critical factor for those exploring FHA loan down payment options. The effective 1.81% property tax rate, with a 0.9% inflation-adjusted increase, adds roughly $43 monthly to a $239,436 home. This tax burden, alongside permanent MIP, directly impacts true affordability for buyers using an FHA mortgage with property taxes in Ogle County. Local FHA loan limits accommodate this average value, but the 6.405% interest rate underscores higher carrying 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.