San Benito County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

San Benito County, CA Benchmarks

FHA averages

Typical Property Value$753,991

Average Down Payment8.2%

Average Interest Rate6.078%

Effective Tax Rate0.79%

Median Tax Paid$6,441/yr

Tax Growth (Historical)+2.8%

Based on 228 regional loans totaling $153,600,000 (HMDA database).

Home Price

Down Payment

$61,827 down · $692,164 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

$496 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$293 / month

Estimated Monthly Payment

$5,199/mo

Principal & Interest$4,259
Property Tax$496
Home Insurance$150
FHA MIP$293

Amortization · Remaining Balance

Financed Loan Amount

$704,277

Total Interest

$828,886

Total of Payments

$1,533,163

*Includes financed FHA Upfront MIP of $12,113

Local Market Insights

San Benito County FHA Mortgage Overview

For San Benito County homebuyers using an FHA loan, the 8.21% average down payment and 91.79% loan-to-value (LTV) ratio highlight accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, unlike conventional loans where PMI can be dropped. This data reflects 100% owner-occupied purchases. The effective property tax rate of 0.79%, adjusted upward by 2.8% for inflation, adds a predictable cost to monthly affordability. When evaluating an FHA mortgage with property taxes in San Benito County, consider that the 6.078% interest rate combined with these ongoing MIP and tax obligations requires careful budget planning, especially given local FHA loan limits.

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.