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Fountain County FHA Loan Calculator

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

Loan Details

Fountain County, IN Benchmarks

FHA averages
Typical Property Value$200,918
Average Down Payment12.7%
Average Interest Rate6.614%
Effective Tax Rate0.61%
Median Tax Paid$849/yr
Tax Growth (Historical)+0.4%
Based on 98 regional loans totaling $16,550,000 (HMDA database).
$
%

$25,517 down · $175,401 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$102 / month

$

Annual premium

$

Per month

%

$74 / month

Estimated Monthly Payment

$1,467/mo

  • Principal & Interest$1,141
  • Property Tax$102
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$178,471

Total Interest

$232,289

Total of Payments

$410,760

*Includes financed FHA Upfront MIP of $3,070

Local Market Insights

Fountain County FHA Mortgage Overview

For Fountain County homebuyers, the 12.69% down payment on an FHA loan provides accessible entry despite the 6.614% rate. However, this FHA mortgage with PMI and taxes means mandatory Mortgage Insurance Premiums for the loan’s life, regardless of equity, due to the 87.31% LTV. The 0.61% property tax rate, with a 0.4% inflation-adjusted increase, keeps monthly costs stable. All 100% primary residences benefit from this FHA loan down payment structure, ideal for sub-620 credit scores, while understanding Fountain County FHA loan limits ensures accurate budgeting.

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.