Southeast Fairbanks Census Area FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Southeast Fairbanks Census Area, AK Benchmarks

FHA averages

Typical Property Value$319,615

Average Down Payment8.8%

Average Interest Rate6.283%

Effective Tax Rate%

Median Tax Paid$3,350/yr

Tax Growth (Historical)+73.7%

Based on 13 regional loans totaling $3,795,000 (HMDA database).

Home Price

Down Payment

$28,126 down · $291,489 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

$293 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$124 / month

Estimated Monthly Payment

$2,399/mo

Principal & Interest$1,832
Property Tax$293
Home Insurance$150
FHA MIP$124

Amortization · Remaining Balance

Financed Loan Amount

$296,590

Total Interest

$362,911

Total of Payments

$659,501

*Includes financed FHA Upfront MIP of $5,101

Local Market Insights

Southeast Fairbanks Census Area FHA Mortgage Overview

For Southeast Fairbanks Census Area homebuyers using an FHA loan, the 8.77% weighted average down payment and 91.23% loan-to-value ratio indicate accessible entry, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life, regardless of equity. The average property value of $319,615.38 with a 6.283% interest rate means the N/A% effective tax rate is offset by a 73.7% inflation-adjusted tax increase, significantly impacting true monthly affordability. This data reflects 100% owner-occupied purchases, ideal for those with sub-620 credit seeking FHA mortgage options with property taxes in Southeast Fairbanks Census Area, Alaska.

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.