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Starke County FHA Loan Calculator

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

Loan Details

Starke County, IN Benchmarks

FHA averages
Typical Property Value$227,208
Average Down Payment11.5%
Average Interest Rate6.599%
Effective Tax Rate0.65%
Median Tax Paid$967/yr
Tax Growth (Historical)+4.8%
Based on 154 regional loans totaling $30,100,000 (HMDA database).
$
%

$26,129 down · $201,079 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$123 / month

$

Annual premium

$

Per month

%

$85 / month

Estimated Monthly Payment

$1,665/mo

  • Principal & Interest$1,307
  • Property Tax$123
  • Home Insurance$150
  • FHA MIP$85
Amortization · Remaining Balance

Financed Loan Amount

$204,598

Total Interest

$265,808

Total of Payments

$470,406

*Includes financed FHA Upfront MIP of $3,519

Local Market Insights

Starke County FHA Mortgage Overview

For Starke County homebuyers, the 11.53% weighted average down payment on FHA loans offers accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life. With an 88.47% Loan-to-Value (LTV) ratio, this market favors buyers with sub-620 credit scores seeking owner-occupied homes. The 0.65% effective property tax rate is low, yet the 4.8% inflation-adjusted tax increase will raise monthly costs. When evaluating an FHA loan with PMI and taxes in Starke County, IN, note that property taxes add roughly $123 monthly on a $227,208 home, while the lower down payment keeps initial cash outlay manageable despite permanent MIP.

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.