Big Horn County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Big Horn County, MT Benchmarks

FHA averages

Typical Property Value$223,750

Average Down Payment11.3%

Average Interest Rate6.241%

Effective Tax Rate0.56%

Median Tax Paid$1,574/yr

Tax Growth (Historical)+3.0%

Based on 24 regional loans totaling $4,600,000 (HMDA database).

Home Price

Down Payment

$25,284 down · $198,466 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

$104 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$84 / month

Estimated Monthly Payment

$1,581/mo

Principal & Interest$1,242
Property Tax$104
Home Insurance$150
FHA MIP$84

Amortization · Remaining Balance

Financed Loan Amount

$201,939

Total Interest

$245,203

Total of Payments

$447,143

*Includes financed FHA Upfront MIP of $3,473

Local Market Insights

Big Horn County FHA Mortgage Overview

Big Horn County’s FHA market reveals a strategic entry point for owner-occupants. With an average down payment of 11.32% and a high 88.68% loan-to-value ratio, buyers can access homes at $223,750 with a sub-620 credit score. However, this FHA loan requires mandatory Mortgage Insurance Premium (MIP) for the loan’s life, a key factor when assessing Big Horn County FHA loan limits and tax impacts. The effective tax rate of 0.56% and a 3.0% inflation-adjusted increase add roughly $105 annually to monthly costs, making FHA mortgage calculations with property taxes essential for 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.