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Aleutians East Borough FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Aleutians East Borough, Alaska based on real HMDA transaction records.

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Aleutians East Borough, AK Benchmarks

FHA averages
Typical Property Value$165,000
Average Down Payment1.4%
Average Interest Rate6.312%
Effective Tax Rate%
$
%

FHA loans require a minimum 3.5% down payment.

Estimated Monthly Payment

$1,403/mo

  • Principal & Interest$1,026
  • Property Tax$151
  • Home Insurance$150
  • FHA MIP$76
Amortization · Remaining Balance

Financed Loan Amount

$165,537

Total Interest

$203,718

Total of Payments

$369,255

*Includes financed FHA Upfront MIP of $2,847

Local Market Insights

Aleutians East Borough FHA Mortgage Overview

For Aleutians East Borough homebuyers, the weighted average down payment of just 1.42% on an FHA loan underscores extreme affordability, with the 98.58% LTV ratio requiring mandatory Mortgage Insurance Premiums (MIP) for the loan's life. This structure is ideal for buyers with sub-620 credit scores seeking entry. With a $165,000 average property value and a 6.312% rate, monthly costs are driven by principal and interest rather than property taxes, which are not reported. When evaluating an FHA loan with PMI and taxes in Aleutians East Borough, AK, the minimal down payment provides accessible entry, but buyers must budget for permanent MIP, making this market uniquely suited for owner-occupied, first-time buyers.

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.