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Carter County FHA Loan Calculator

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

Loan Details

Carter County, MT Benchmarks

FHA averages
Typical Property Value$161,667
Average Down Payment20.1%
Average Interest Rate6.500%
Effective Tax Rate0.20%
Median Tax Paid$904/yr
Tax Growth (Historical)+12.1%
Based on 3 regional loans totaling $305,000 (HMDA database).
$
%

$32,495 down · $129,172 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$27 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,062/mo

  • Principal & Interest$831
  • Property Tax$27
  • Home Insurance$150
  • FHA MIP$55
Amortization · Remaining Balance

Financed Loan Amount

$131,432

Total Interest

$167,635

Total of Payments

$299,067

*Includes financed FHA Upfront MIP of $2,261

Local Market Insights

Carter County FHA Mortgage Overview

In Carter County, the average FHA loan sees a 20.07% down payment on a $161,667 home, providing accessible entry. However, note that FHA Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of this equity, making this ideal for buyers with sub-620 credit. The 79.93% Loan-to-Value ratio confirms strong initial equity but no MIP cancellation. While the effective property tax rate is a low 0.20%, the recent 12.1% inflation-adjusted tax shift will increase monthly costs. For a full picture of affordability, including PMI and taxes in Carter County, MT, consult a local lender regarding FHA loan limits.

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.