Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Michigan>St. Clair County (FHA)

St. Clair County FHA Loan Calculator

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

Loan Details

St. Clair County, MI Benchmarks

FHA averages
Typical Property Value$255,477
Average Down Payment13.8%
Average Interest Rate6.488%
Effective Tax Rate1.04%
Median Tax Paid$2,562/yr
Tax Growth (Historical)-0.3%
Based on 651 regional loans totaling $137,815,000 (HMDA database).
$
%

$35,256 down · $220,221 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$221 / month

$

Annual premium

$

Per month

%

$93 / month

Estimated Monthly Payment

$1,880/mo

  • Principal & Interest$1,415
  • Property Tax$221
  • Home Insurance$150
  • FHA MIP$93
Amortization · Remaining Balance

Financed Loan Amount

$224,075

Total Interest

$285,265

Total of Payments

$509,340

*Includes financed FHA Upfront MIP of $3,854

Local Market Insights

St. Clair County FHA Mortgage Overview

St. Clair County FHA buyers benefit from a 13.82% down payment, far below the national average, enabling accessible entry. However, with an 86.18% LTV, mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, a key factor when using an FHA loan with PMI and taxes in St. Clair County, MI. The 1.04% effective property tax rate, with a recent -0.3% inflation-adjusted decrease, slightly eases monthly costs. Given the 100% primary occupancy rate, this data reflects standard homebuyers. For those exploring St. Clair County FHA loan limits and property taxes, the average $255,477 property value and 6.488% rate shape true affordability.

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.