Santa Cruz County FHA Loan Calculator

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

Loan Details

Baseline

Rates

Taxes & Ins.

DTI

US County (Smart Autofill)

Loan Type

Credit Score (FICO)

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

Santa Cruz County, AZ Benchmarks

FHA averages

Typical Property Value$290,618

Average Down Payment10.2%

Average Interest Rate6.223%

Effective Tax Rate0.62%

Home Price

Down Payment

$29,643 down · $260,975 financed

Estimated Monthly Payment

$2,041/mo

Principal & Interest$1,630
Property Tax$150
Home Insurance$150
FHA MIP$111

Amortization · Remaining Balance

Financed Loan Amount

$265,542

Total Interest

$321,190

Total of Payments

$586,732

*Includes financed FHA Upfront MIP of $4,567

Local Market Insights

Santa Cruz County FHA Mortgage Overview

For Santa Cruz County homebuyers using an FHA loan, the 10.24% weighted average down payment provides accessible entry, but note that FHA requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan regardless of this down payment. The 89.76% median loan-to-value (LTV) ratio confirms most buyers are financing heavily, making this ideal for those with sub-620 credit scores. The effective property tax rate of 0.62% is modest, and the recent -1.0% inflation-adjusted tax change slightly reduces monthly burden, improving true affordability. This data reflects 100% owner-occupied purchases, not investments.

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.