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Polk County FHA Loan Calculator

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

Loan Details

Polk County, OR Benchmarks

FHA averages
Typical Property Value$440,058
Average Down Payment9.7%
Average Interest Rate6.152%
Effective Tax Rate0.76%
Median Tax Paid$3,634/yr
Tax Growth (Historical)-0.3%
Based on 346 regional loans totaling $134,950,000 (HMDA database).
$
%

$42,686 down · $397,372 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$279 / month

$

Annual premium

$

Per month

%

$168 / month

Estimated Monthly Payment

$3,060/mo

  • Principal & Interest$2,463
  • Property Tax$279
  • Home Insurance$150
  • FHA MIP$168
Amortization · Remaining Balance

Financed Loan Amount

$404,326

Total Interest

$482,451

Total of Payments

$886,777

*Includes financed FHA Upfront MIP of $6,954

Local Market Insights

Polk County FHA Mortgage Overview

For Polk County homebuyers, the 9.73% average down payment on FHA loans provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life regardless of equity, unlike conventional loans. With a 90.27% loan-to-value ratio, this data reflects owner-occupied purchases. The effective property tax rate of 0.76%, combined with a -0.3% inflation-adjusted tax change, offers slight relief on monthly affordability. When evaluating an FHA loan with PMI and taxes in Polk County, OR, or considering Polk County FHA loan limits and tax impacts, the low down payment structure remains ideal for buyers with sub-620 credit scores seeking primary residences.

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.