Winnebago County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Winnebago County, IL Benchmarks

FHA averages

Typical Property Value$203,184

Average Down Payment11.2%

Average Interest Rate6.488%

Effective Tax Rate2.28%

Median Tax Paid$3,930/yr

Tax Growth (Historical)-1.0%

Based on 916 regional loans totaling $159,880,000 (HMDA database).

Home Price

Down Payment

$22,757 down · $180,427 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

$386 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$76 / month

Estimated Monthly Payment

$1,772/mo

Principal & Interest$1,159
Property Tax$386
Home Insurance$150
FHA MIP$76

Amortization · Remaining Balance

Financed Loan Amount

$183,585

Total Interest

$233,718

Total of Payments

$417,303

*Includes financed FHA Upfront MIP of $3,157

Local Market Insights

Winnebago County FHA Mortgage Overview

Winnebago County’s FHA market shows strong accessibility with an average 11.21% down payment on a $203,184 property, making entry easier for buyers with sub-620 credit. However, the 88.79% LTV ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life, a key factor when using an FHA loan down payment tool in Winnebago County. The 2.28% effective tax rate, recently adjusted -1.0% for inflation, provides modest monthly relief. For an FHA mortgage with property taxes, this tax shift slightly offsets the ongoing MIP cost, keeping true affordability stable for owner-occupied homes.

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.