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Marion County FHA Loan Calculator

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

Loan Details

Marion County, IN Benchmarks

FHA averages
Typical Property Value$257,512
Average Down Payment9.4%
Average Interest Rate6.276%
Effective Tax Rate0.89%
Median Tax Paid$2,028/yr
Tax Growth (Historical)+2.3%
Based on 4,689 regional loans totaling $1,071,175,000 (HMDA database).
$
%

$24,206 down · $233,306 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$191 / month

$

Annual premium

$

Per month

%

$99 / month

Estimated Monthly Payment

$1,906/mo

  • Principal & Interest$1,466
  • Property Tax$191
  • Home Insurance$150
  • FHA MIP$99
Amortization · Remaining Balance

Financed Loan Amount

$237,389

Total Interest

$290,471

Total of Payments

$527,860

*Includes financed FHA Upfront MIP of $4,083

Local Market Insights

Marion County FHA Mortgage Overview

For Marion County homebuyers, the 9.38% average down payment on an FHA loan provides accessible entry, though the 90.62% LTV ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life—ideal for those with sub-620 credit. With a $257,512 average property value and 6.276% rate, the 0.89% effective property tax rate and recent 2.3% inflation-adjusted tax shift increase monthly affordability pressures. This FHA loan with PMI and taxes data, reflecting 100% primary occupancy, highlights that Marion County FHA loan limits and tax considerations make this a stable, owner-occupied market.

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.