Calumet County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Calumet County, WI Benchmarks

FHA averages

Typical Property Value$320,795

Average Down Payment13.1%

Average Interest Rate6.451%

Effective Tax Rate1.35%

Median Tax Paid$3,877/yr

Tax Growth (Historical)-1.8%

Based on 91 regional loans totaling $24,935,000 (HMDA database).

Home Price

Down Payment

$42,024 down · $278,771 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

$361 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$118 / month

Estimated Monthly Payment

$2,413/mo

Principal & Interest$1,784
Property Tax$361
Home Insurance$150
FHA MIP$118

Amortization · Remaining Balance

Financed Loan Amount

$283,649

Total Interest

$358,425

Total of Payments

$642,074

*Includes financed FHA Upfront MIP of $4,878

Local Market Insights

Calumet County FHA Mortgage Overview

For Calumet County homebuyers using an FHA loan, the 13.06% down payment on an average $320,795 property provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life regardless of equity. The 86.94% Loan-to-Value ratio and 100% primary occupancy confirm these are owner-occupied purchases. At a 6.451% rate and 1.35% effective property tax rate—recently adjusted down by -1.8% for inflation—monthly affordability improves slightly. This market suits buyers with sub-620 credit scores seeking a Calumet County FHA mortgage with property taxes factored in.

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.