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Cass County FHA Loan Calculator

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

Loan Details

Cass County, MI Benchmarks

FHA averages
Typical Property Value$239,823
Average Down Payment13.9%
Average Interest Rate6.518%
Effective Tax Rate0.93%
Median Tax Paid$2,116/yr
Tax Growth (Historical)+4.1%
Based on 226 regional loans totaling $44,220,000 (HMDA database).
$
%

$33,335 down · $206,488 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$186 / month

$

Annual premium

$

Per month

%

$88 / month

Estimated Monthly Payment

$1,754/mo

  • Principal & Interest$1,331
  • Property Tax$186
  • Home Insurance$150
  • FHA MIP$88
Amortization · Remaining Balance

Financed Loan Amount

$210,101

Total Interest

$268,968

Total of Payments

$479,069

*Includes financed FHA Upfront MIP of $3,614

Local Market Insights

Cass County FHA Mortgage Overview

For Cass County homebuyers, the 13.87% average down payment on an FHA loan provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity. With an 86.13% Loan-to-Value ratio and 100% owner-occupancy, this data reflects standard primary residences. The 0.93% effective property tax rate, adjusted upward by 4.1% for inflation, directly impacts monthly affordability. When evaluating an FHA loan down payment in Cass County, Michigan, factor in both MIP and the rising tax burden. This Cass County FHA mortgage analysis with property taxes highlights that the 6.518% rate and tax shift require careful budgeting for long-term costs.

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.