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Santa Clara 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 Clara County, California based on real HMDA transaction records.

Loan Details

Santa Clara County, CA Benchmarks

FHA averages
Typical Property Value$1,089,787
Average Down Payment20.3%
Average Interest Rate6.089%
Effective Tax Rate0.68%
Median Tax Paid$10,001/yr
Tax Growth (Historical)%
Based on 376 regional loans totaling $285,050,000 (HMDA database).
$
%

$221,227 down · $868,560 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$618 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$6,486/mo

  • Principal & Interest$5,350
  • Property Tax$618
  • Home Insurance$150
  • FHA MIP$368
Amortization · Remaining Balance

Financed Loan Amount

$883,760

Total Interest

$1,042,180

Total of Payments

$1,925,940

*Includes financed FHA Upfront MIP of $15,200

Local Market Insights

Santa Clara County FHA Mortgage Overview

In Santa Clara County, the average FHA borrower puts 20.31% down on a $1.09M property, which is unusually high for this loan type. Despite this substantial equity, FHA’s mandatory Mortgage Insurance Premium (MIP) remains for the loan’s life, making it ideal for buyers with sub-620 credit scores seeking lower monthly payments. The 0.68% effective property tax rate adds roughly $618 monthly, a critical factor when using a Santa Clara County FHA mortgage calculator with property taxes. With a 79.69% loan-to-value ratio, these owner-occupied purchases show low default risk but higher upfront cash requirements.

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.