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Milwaukee County FHA Loan Calculator

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

Loan Details

Milwaukee County, WI Benchmarks

FHA averages
Typical Property Value$260,943
Average Down Payment11.4%
Average Interest Rate6.436%
Effective Tax Rate1.82%
Median Tax Paid$4,444/yr
Tax Growth (Historical)-2.2%
Based on 2,196 regional loans totaling $494,840,000 (HMDA database).
$
%

$29,748 down · $231,195 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$396 / month

$

Annual premium

$

Per month

%

$98 / month

Estimated Monthly Payment

$2,121/mo

  • Principal & Interest$1,478
  • Property Tax$396
  • Home Insurance$150
  • FHA MIP$98
Amortization · Remaining Balance

Financed Loan Amount

$235,241

Total Interest

$296,700

Total of Payments

$531,942

*Includes financed FHA Upfront MIP of $4,046

Local Market Insights

Milwaukee County FHA Mortgage Overview

For Milwaukee County homebuyers, an 11.40% down payment on an FHA loan provides accessible entry, but this requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, regardless of equity built. The 88.60% loan-to-value ratio and 100% owner-occupancy rate confirm these are standard primary residences, not investments. With an effective property tax rate of 1.82% and a recent inflation-adjusted tax decrease of -2.2%, monthly affordability improves slightly. When evaluating your FHA loan down payment in Milwaukee County, Wisconsin, remember to factor in MIP and property taxes for true monthly costs.

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.