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Dickinson County FHA Loan Calculator

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

Loan Details

Dickinson County, MI Benchmarks

FHA averages
Typical Property Value$185,294
Average Down Payment12.9%
Average Interest Rate6.556%
Effective Tax Rate1.15%
Median Tax Paid$1,940/yr
Tax Growth (Historical)-1.8%
Based on 68 regional loans totaling $10,650,000 (HMDA database).
$
%

$23,903 down · $161,391 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$178 / month

$

Annual premium

$

Per month

%

$68 / month

Estimated Monthly Payment

$1,440/mo

  • Principal & Interest$1,044
  • Property Tax$178
  • Home Insurance$150
  • FHA MIP$68
Amortization · Remaining Balance

Financed Loan Amount

$164,215

Total Interest

$211,783

Total of Payments

$375,999

*Includes financed FHA Upfront MIP of $2,824

Local Market Insights

Dickinson County FHA Mortgage Overview

For Dickinson County homebuyers, an FHA loan with a 12.89% down payment on a $185,294 property provides accessible entry. However, the 87.11% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, ideal for those with sub-620 credit. The 1.15% effective property tax rate, down 1.8% after inflation, slightly improves monthly affordability. This FHA loan calculator with PMI and taxes in Dickinson County, MI, shows higher upfront costs but lower barriers for primary residences. Understanding Dickinson County FHA loan limits and tax impacts is key for true affordability. This Dickinson County FHA mortgage calculator with property taxes data highlights the trade-off between low entry and long-term MIP 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.