Cook County, IL Mortgage Calculator
Estimate your monthly mortgage payment in Cook County with local property tax rates, homeowners insurance, and 2025 FHA and conforming loan limits.
Extra Monthly Payment
$
Estimated Monthly Payment
$2,347
Estimates are for educational purposes only and are not a loan offer or commitment to lend.
FHA Eligible
Loan Amount: $248,000
LTV: 0.01%
P&I Payment
$1,642
Total Interest
$342,987
over loan life
Payoff
30 yr
Closing Costs
$4,509–$8,417
est. range
Monthly Payment Breakdown
2025 Loan Limit Context
FHA Limit
$524,225
Conforming Limit
$806,500
Amortization Schedule
| Mo. | Payment | Principal | Interest | Balance | Total Interest |
|---|---|---|---|---|---|
| 1 | $1,642 | $205 | $1,436 | $247,795 | $1,436 |
| 2 | $1,642 | $206 | $1,435 | $247,588 | $2,871 |
| 3 | $1,642 | $208 | $1,434 | $247,381 | $4,305 |
| 4 | $1,642 | $209 | $1,433 | $247,172 | $5,738 |
| 5 | $1,642 | $210 | $1,432 | $246,962 | $7,170 |
| 6 | $1,642 | $211 | $1,430 | $246,750 | $8,600 |
| 7 | $1,642 | $213 | $1,429 | $246,538 | $10,029 |
| 8 | $1,642 | $214 | $1,428 | $246,324 | $11,457 |
| 9 | $1,642 | $215 | $1,427 | $246,109 | $12,884 |
| 10 | $1,642 | $216 | $1,425 | $245,893 | $14,309 |
| 11 | $1,642 | $218 | $1,424 | $245,675 | $15,733 |
| 12 | $1,642 | $219 | $1,423 | $245,456 | $17,156 |
Months 1–12 of 360
2025 Loan Limits — Cook County, IL
| Limit Type | 2025 Limit | Note |
|---|---|---|
| FHA Loan Limit (1-unit) | $524,225 | Max loan for FHA-insured mortgage |
| Conforming Loan Limit (1-unit) | $806,500 | Fannie Mae / Freddie Mac eligible |
Source: HUD / FHFA. Data as of 2025-01-15.
FAQ — Cook County Mortgage
What is the property tax rate in Cook County?
The effective property tax rate in Cook County is approximately 2.20%. This means a home worth $310,000 would have an estimated annual tax bill of about $6,820.
What is the 2025 FHA loan limit in Cook County?
The 2025 FHA loan limit for a single-family home in Cook County, IL is $524,225.
What is the conforming loan limit in Cook County?
The 2025 conforming loan limit in Cook County is $806,500. Loans above this amount are considered jumbo loans.