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Antrim County FHA Loan Calculator

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

Loan Details

Antrim County, MI Benchmarks

FHA averages
Typical Property Value$243,261
Average Down Payment15.7%
Average Interest Rate6.542%
Effective Tax Rate0.80%
Median Tax Paid$2,157/yr
Tax Growth (Historical)+2.9%
Based on 69 regional loans totaling $13,545,000 (HMDA database).
$
%

$38,192 down · $205,069 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$162 / month

$

Annual premium

$

Per month

%

$87 / month

Estimated Monthly Payment

$1,723/mo

  • Principal & Interest$1,324
  • Property Tax$162
  • Home Insurance$150
  • FHA MIP$87
Amortization · Remaining Balance

Financed Loan Amount

$208,658

Total Interest

$268,109

Total of Payments

$476,767

*Includes financed FHA Upfront MIP of $3,589

Local Market Insights

Antrim County FHA Mortgage Overview

In Antrim County, the typical FHA buyer puts down 15.66% on a $243,261 home, which is higher than the standard 3.5% minimum. This larger down payment lowers the loan-to-value ratio to 84.34%, reducing risk, but note that FHA's mandatory Mortgage Insurance Premium (MIP) remains for the loan's life regardless of equity. With an effective property tax rate of 0.80% and a recent 2.9% inflation-adjusted increase, monthly affordability is squeezed. For those exploring Antrim County FHA loan limits and tax impacts, this down payment strategy provides accessible entry for buyers with sub-620 credit scores, though the permanent MIP is a key cost to factor into any FHA mortgage analysis.

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.