Livingston County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Livingston County, MI Benchmarks

FHA averages

Typical Property Value$376,197

Average Down Payment15.4%

Average Interest Rate6.319%

Effective Tax Rate0.95%

Median Tax Paid$3,454/yr

Tax Growth (Historical)+2.5%

Based on 426 regional loans totaling $129,820,000 (HMDA database).

Home Price

Down Payment

$57,934 down · $318,263 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

$298 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$135 / month

Estimated Monthly Payment

$2,591/mo

Principal & Interest$2,009
Property Tax$298
Home Insurance$150
FHA MIP$135

Amortization · Remaining Balance

Financed Loan Amount

$323,832

Total Interest

$399,284

Total of Payments

$723,117

*Includes financed FHA Upfront MIP of $5,570

Local Market Insights

Livingston County FHA Mortgage Overview

Livingston County’s FHA market shows a 15.37% down payment, offering accessible entry but locking in mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for buyers with sub-620 credit. The 84.63% loan-to-value (LTV) ratio confirms high leverage, and 100% primary occupancy highlights owner-occupied stability. With an effective property tax rate of 0.95% and a 2.5% inflation-adjusted tax shift, monthly affordability tightens. For those exploring an FHA loan with PMI and taxes in Livingston County, MI, the $376,197 average property value and 6.319% interest rate underscore the need to factor in these recurring costs when assessing an FHA down payment or local loan limits.

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.