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, California based on real HMDA transaction records.

Loan Details

US County (Smart Autofill)

Loan Type

Santa Cruz County, CA Benchmarks

FHA averages

Typical Property Value$878,000

Average Down Payment10.9%

Average Interest Rate6.075%

Effective Tax Rate0.60%

Median Tax Paid$6,538/yr

Tax Growth (Historical)+0.6%

Based on 132 regional loans totaling $99,560,000 (HMDA database).

Home Price

Down Payment

$95,702 down · $782,298 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

$439 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$332 / month

Estimated Monthly Payment

$5,734/mo

Principal & Interest$4,813
Property Tax$439
Home Insurance$150
FHA MIP$332

Amortization · Remaining Balance

Financed Loan Amount

$795,988

Total Interest

$936,825

Total of Payments

$1,732,813

*Includes financed FHA Upfront MIP of $13,690

Local Market Insights

Santa Cruz County FHA Mortgage Overview

For Santa Cruz County homebuyers using an FHA loan, the 10.90% down payment on an $878,000 property provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 89.10% LTV ratio. This is ideal for those with sub-620 credit scores seeking owner-occupied housing. The 0.60% effective property tax rate, adjusted 0.6% for inflation, adds roughly $439 monthly to affordability calculations. When considering an FHA loan with PMI and taxes in Santa Cruz County, CA, or exploring FHA loan limits, remember MIP is permanent, unlike conventional loans.

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.