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Roscommon County FHA Loan Calculator

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

Loan Details

Roscommon County, MI Benchmarks

FHA averages
Typical Property Value$188,440
Average Down Payment16.7%
Average Interest Rate6.448%
Effective Tax Rate0.89%
Median Tax Paid$1,604/yr
Tax Growth (Historical)+0.3%
Based on 125 regional loans totaling $18,705,000 (HMDA database).
$
%

$31,469 down · $156,971 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$140 / month

$

Annual premium

$

Per month

%

$67 / month

Estimated Monthly Payment

$1,361/mo

  • Principal & Interest$1,004
  • Property Tax$140
  • Home Insurance$150
  • FHA MIP$67
Amortization · Remaining Balance

Financed Loan Amount

$159,718

Total Interest

$201,822

Total of Payments

$361,540

*Includes financed FHA Upfront MIP of $2,747

Local Market Insights

Roscommon County FHA Mortgage Overview

For Roscommon County homebuyers using FHA financing, the 16.72% weighted average down payment offers accessible entry despite requiring mandatory Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity. The 83.28% median loan-to-value (LTV) confirms this as a primary-occupancy market. With a 0.89% effective property tax rate and a 0.3% inflation-adjusted tax increase, monthly affordability is modestly impacted. When evaluating an FHA loan with PMI and taxes in Roscommon County, MI, note that the average property value of $188,440 and 6.448% interest rate keep payments manageable, though the permanent MIP is a key cost factor for buyers with sub-620 credit scores.

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.