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Saginaw County FHA Loan Calculator

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

Loan Details

Saginaw County, MI Benchmarks

FHA averages
Typical Property Value$183,272
Average Down Payment11.5%
Average Interest Rate6.505%
Effective Tax Rate1.34%
Median Tax Paid$2,284/yr
Tax Growth (Historical)+1.2%
Based on 625 regional loans totaling $98,765,000 (HMDA database).
$
%

$21,076 down · $162,196 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$205 / month

$

Annual premium

$

Per month

%

$69 / month

Estimated Monthly Payment

$1,467/mo

  • Principal & Interest$1,043
  • Property Tax$205
  • Home Insurance$150
  • FHA MIP$69
Amortization · Remaining Balance

Financed Loan Amount

$165,034

Total Interest

$210,492

Total of Payments

$375,526

*Includes financed FHA Upfront MIP of $2,838

Local Market Insights

Saginaw County FHA Mortgage Overview

The 11.48% down payment on an FHA loan in Saginaw County provides accessible entry, but with an 88.52% LTV, the mandatory Mortgage Insurance Premium (MIP) applies for the loan's life—ideal for buyers with sub-620 credit. This data reflects 100% owner-occupied purchases, not investments. The 1.34% effective property tax rate, with a 1.2% inflation-adjusted increase, adds roughly $205 monthly to the $183,272 average property value. When evaluating an FHA loan with PMI and taxes in Saginaw County, MI, this tax shift directly impacts true affordability. For Saginaw County FHA loan limits, this down payment structure ensures lower upfront costs but permanent MIP.

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.