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LaGrange County FHA Loan Calculator

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

Loan Details

LaGrange County, IN Benchmarks

FHA averages
Typical Property Value$239,430
Average Down Payment16.1%
Average Interest Rate6.517%
Effective Tax Rate0.49%
Median Tax Paid$1,403/yr
Tax Growth (Historical)+0.7%
Based on 79 regional loans totaling $15,085,000 (HMDA database).
$
%

$38,548 down · $200,882 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$98 / month

$

Annual premium

$

Per month

%

$85 / month

Estimated Monthly Payment

$1,628/mo

  • Principal & Interest$1,295
  • Property Tax$98
  • Home Insurance$150
  • FHA MIP$85
Amortization · Remaining Balance

Financed Loan Amount

$204,397

Total Interest

$261,666

Total of Payments

$466,063

*Includes financed FHA Upfront MIP of $3,515

Local Market Insights

LaGrange County FHA Mortgage Overview

For LaGrange County homebuyers using an FHA loan, the 16.08% average down payment on a $239,430 property provides accessible entry, but note that FHA Mortgage Insurance Premiums (MIP) are mandatory for the life of the loan regardless of this equity level. The 83.92% loan-to-value ratio confirms this is standard owner-occupied financing for those with sub-620 credit scores. The effective property tax rate of 0.49% is low, though the 0.7% inflation-adjusted tax shift will slightly increase monthly costs. When evaluating an FHA loan with PMI and taxes in LaGrange County, IN, the low tax burden helps offset the permanent MIP requirement for long-term affordability.

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.