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Madison County FHA Loan Calculator

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

Loan Details

Madison County, IN Benchmarks

FHA averages
Typical Property Value$211,489
Average Down Payment11.1%
Average Interest Rate6.448%
Effective Tax Rate0.73%
Median Tax Paid$1,192/yr
Tax Growth (Historical)+2.5%
Based on 920 regional loans totaling $169,010,000 (HMDA database).
$
%

$23,475 down · $188,014 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$129 / month

$

Annual premium

$

Per month

%

$80 / month

Estimated Monthly Payment

$1,561/mo

  • Principal & Interest$1,203
  • Property Tax$129
  • Home Insurance$150
  • FHA MIP$80
Amortization · Remaining Balance

Financed Loan Amount

$191,304

Total Interest

$241,736

Total of Payments

$433,039

*Includes financed FHA Upfront MIP of $3,290

Local Market Insights

Madison County FHA Mortgage Overview

For Madison County homebuyers, the 11.14% average down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of this equity. With an 88.86% loan-to-value ratio and 100% owner-occupancy, this data reflects standard primary residence purchases. The effective property tax rate of 0.73% and a 2.5% inflation-adjusted tax increase mean monthly affordability is slightly pressured. When evaluating an FHA loan down payment in Madison County, IN, remember that property taxes and MIP are permanent costs. This FHA mortgage analysis with property taxes shows a stable, low-risk local market for owner-occupants.

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.