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Dane County FHA Loan Calculator

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

Loan Details

Dane County, WI Benchmarks

FHA averages
Typical Property Value$399,853
Average Down Payment13.7%
Average Interest Rate6.389%
Effective Tax Rate1.57%
Median Tax Paid$6,420/yr
Tax Growth (Historical)-0.8%
Based on 375 regional loans totaling $123,655,000 (HMDA database).
$
%

$54,780 down · $345,073 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$523 / month

$

Annual premium

$

Per month

%

$146 / month

Estimated Monthly Payment

$3,013/mo

  • Principal & Interest$2,194
  • Property Tax$523
  • Home Insurance$150
  • FHA MIP$146
Amortization · Remaining Balance

Financed Loan Amount

$351,112

Total Interest

$438,702

Total of Payments

$789,814

*Includes financed FHA Upfront MIP of $6,039

Local Market Insights

Dane County FHA Mortgage Overview

In Dane County, the 13.73% average down payment on FHA loans provides accessible entry for owner-occupants, though the 86.27% LTV ratio means mandatory MIP for the loan’s life—ideal for buyers with sub-620 credit. At a 6.389% rate on a $399,852 property, the 1.57% effective tax rate adds roughly $523 monthly. However, the recent -0.8% inflation-adjusted tax change offers slight relief. For those using an FHA loan down payment tool in Dane County, WI, this tax shift improves true affordability, while the FHA loan limits ensure broad qualification.

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.