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Washtenaw County FHA Loan Calculator

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

Loan Details

Washtenaw County, MI Benchmarks

FHA averages
Typical Property Value$353,782
Average Down Payment16.4%
Average Interest Rate6.238%
Effective Tax Rate1.46%
Median Tax Paid$5,678/yr
Tax Growth (Historical)+0.1%
Based on 435 regional loans totaling $121,295,000 (HMDA database).
$
%

$58,020 down · $295,762 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$430 / month

$

Annual premium

$

Per month

%

$125 / month

Estimated Monthly Payment

$2,557/mo

  • Principal & Interest$1,851
  • Property Tax$430
  • Home Insurance$150
  • FHA MIP$125
Amortization · Remaining Balance

Financed Loan Amount

$300,938

Total Interest

$365,411

Total of Payments

$666,348

*Includes financed FHA Upfront MIP of $5,176

Local Market Insights

Washtenaw County FHA Mortgage Overview

In Washtenaw County, FHA buyers are leveraging a 16.36% down payment on a $353,782 average property, with a 6.238% rate. The 83.64% LTV ratio indicates strong equity, but FHA requires mandatory MIP for the loan’s life—ideal for those with sub-620 credit. The 1.46% effective tax rate, with a 0.1% inflation-adjusted increase, adds $430 monthly to affordability. For an FHA loan down payment estimate in Washtenaw County, Michigan, this data shows accessible entry, though MIP and taxes are permanent costs for owner-occupied homes.

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.