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Parke County FHA Loan Calculator

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

Loan Details

Parke County, IN Benchmarks

FHA averages
Typical Property Value$189,545
Average Down Payment15.0%
Average Interest Rate6.651%
Effective Tax Rate0.46%
Median Tax Paid$735/yr
Tax Growth (Historical)+3.2%
Based on 66 regional loans totaling $10,270,000 (HMDA database).
$
%

$28,432 down · $161,113 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$73 / month

$

Annual premium

$

Per month

%

$68 / month

Estimated Monthly Payment

$1,343/mo

  • Principal & Interest$1,052
  • Property Tax$73
  • Home Insurance$150
  • FHA MIP$68
Amortization · Remaining Balance

Financed Loan Amount

$163,933

Total Interest

$214,928

Total of Payments

$378,861

*Includes financed FHA Upfront MIP of $2,819

Local Market Insights

Parke County FHA Mortgage Overview

Parke County FHA buyers are leveraging a 14.98% down payment, which is slightly above the FHA minimum, providing accessible entry but requiring mandatory Mortgage Insurance Premiums (MIP) for the loan’s lifetime regardless of equity. With an 85.02% loan-to-value ratio and 100% primary occupancy, this market focuses on owner-occupants. The 0.46% effective property tax rate, adjusted upward by 3.2% for inflation, adds modest monthly cost. For accurate affordability, use a tool analyzing FHA loan down payments with PMI and taxes in Parke County, IN, or review Parke County FHA loan limits and tax impacts.

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.