Newton County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Newton County, IN Benchmarks

FHA averages

Typical Property Value$242,973

Average Down Payment14.6%

Average Interest Rate6.536%

Effective Tax Rate0.79%

Median Tax Paid$1,323/yr

Tax Growth (Historical)-2.5%

Based on 74 regional loans totaling $14,970,000 (HMDA database).

Home Price

Down Payment

$35,474 down · $207,499 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$160 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$88 / month

Estimated Monthly Payment

$1,738/mo

Principal & Interest$1,340
Property Tax$160
Home Insurance$150
FHA MIP$88

Amortization · Remaining Balance

Financed Loan Amount

$211,130

Total Interest

$271,286

Total of Payments

$482,416

*Includes financed FHA Upfront MIP of $3,631

Local Market Insights

Newton County FHA Mortgage Overview

Newton County's FHA market shows a 14.64% average down payment, offering accessible entry for buyers, especially those with sub-620 credit. However, with an 85.36% LTV ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life. The effective property tax rate of 0.79% is moderate, and the recent -2.5% inflation-adjusted tax change slightly improves monthly affordability for an FHA loan with PMI and taxes in Newton County, IN. This data, reflecting 100% primary occupancy, indicates stable, owner-occupied demand within local FHA loan limits.

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.