St. Joseph County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

St. Joseph County, IN Benchmarks

FHA averages

Typical Property Value$225,937

Average Down Payment12.4%

Average Interest Rate6.526%

Effective Tax Rate0.85%

Median Tax Paid$1,665/yr

Tax Growth (Historical)+3.6%

Based on 1,003 regional loans totaling $192,735,000 (HMDA database).

Home Price

Down Payment

$28,016 down · $197,921 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

$84 / month

Estimated Monthly Payment

$1,671/mo

Principal & Interest$1,277
Property Tax$160
Home Insurance$150
FHA MIP$84

Amortization · Remaining Balance

Financed Loan Amount

$201,384

Total Interest

$258,286

Total of Payments

$459,670

*Includes financed FHA Upfront MIP of $3,464

Local Market Insights

St. Joseph County FHA Mortgage Overview

In St. Joseph County, the 12.43% down payment on an FHA loan provides accessible entry despite the 6.526% rate. However, with an 87.57% LTV, mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, making this ideal for buyers with sub-620 credit. The effective 0.85% property tax rate, with a 3.6% inflation-adjusted increase, adds roughly $160 monthly to true affordability. For a comprehensive view of St. Joseph County FHA loan limits and property taxes, this data reflects 100% primary residences, not investments.

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.