Randolph County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Randolph County, IN Benchmarks

FHA averages

Typical Property Value$163,400

Average Down Payment13.1%

Average Interest Rate6.470%

Effective Tax Rate0.76%

Median Tax Paid$900/yr

Tax Growth (Historical)-0.9%

Based on 100 regional loans totaling $13,700,000 (HMDA database).

Home Price

Down Payment

$21,405 down · $141,995 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

$103 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$60 / month

Estimated Monthly Payment

$1,224/mo

Principal & Interest$910
Property Tax$103
Home Insurance$150
FHA MIP$60

Amortization · Remaining Balance

Financed Loan Amount

$144,480

Total Interest

$183,250

Total of Payments

$327,730

*Includes financed FHA Upfront MIP of $2,485

Local Market Insights

Randolph County FHA Mortgage Overview

In Randolph County, the 13.10% down payment on an FHA loan provides accessible entry for buyers, particularly those with sub-620 credit scores. However, with an 86.90% LTV, mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan. The effective property tax rate of 0.76% and a -0.9% inflation-adjusted decrease slightly improve monthly affordability. This data, reflecting 100% primary occupancy, is key for an FHA loan with PMI and taxes in Randolph County, IN, helping you assess Randolph 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.