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Jennings County FHA Loan Calculator

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

Loan Details

Jennings County, IN Benchmarks

FHA averages
Typical Property Value$218,694
Average Down Payment10.0%
Average Interest Rate6.631%
Effective Tax Rate0.61%
Median Tax Paid$971/yr
Tax Growth (Historical)+4.3%
Based on 157 regional loans totaling $29,905,000 (HMDA database).
$
%

$21,869 down · $196,825 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$111 / month

$

Annual premium

$

Per month

%

$83 / month

Estimated Monthly Payment

$1,628/mo

  • Principal & Interest$1,283
  • Property Tax$111
  • Home Insurance$150
  • FHA MIP$83
Amortization · Remaining Balance

Financed Loan Amount

$200,269

Total Interest

$261,613

Total of Payments

$461,882

*Includes financed FHA Upfront MIP of $3,444

Local Market Insights

Jennings County FHA Mortgage Overview

In Jennings County, the 10.01% average down payment on an FHA loan provides accessible entry for owner-occupants, but the 89.99% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—ideal for buyers with sub-620 credit scores. The 6.631% interest rate and effective property tax rate of 0.61% keep monthly costs manageable, though the recent 4.3% inflation-adjusted tax increase adds modest pressure. For those exploring an FHA loan down payment scenario in Jennings County, Indiana, understanding these MIP and tax impacts is crucial for true affordability, especially given the $218,694 average property value. This data reflects standard primary residences, not investment properties.

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.