Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Delaware>Kent County (FHA)

Kent County FHA Loan Calculator

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

Loan Details

Kent County, DE Benchmarks

FHA averages
Typical Property Value$357,336
Average Down Payment9.4%
Average Interest Rate6.176%
Effective Tax Rate0.43%
Median Tax Paid$1,363/yr
Tax Growth (Historical)-0.7%
Based on 1,423 regional loans totaling $450,675,000 (HMDA database).
$
%

$33,590 down · $323,746 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$128 / month

$

Annual premium

$

Per month

%

$137 / month

Estimated Monthly Payment

$2,429/mo

  • Principal & Interest$2,013
  • Property Tax$128
  • Home Insurance$150
  • FHA MIP$137
Amortization · Remaining Balance

Financed Loan Amount

$329,412

Total Interest

$395,366

Total of Payments

$724,778

*Includes financed FHA Upfront MIP of $5,666

Local Market Insights

Kent County FHA Mortgage Overview

In Kent County, the 9.38% average down payment on FHA loans provides accessible entry for homebuyers, though the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life—ideal for those with sub-620 credit scores. The 90.62% median loan-to-value (LTV) confirms this is a standard owner-occupied purchase, not an investment. With a 0.43% effective property tax rate and a recent -0.7% inflation-adjusted tax change, monthly affordability benefits from slightly lower real tax burdens. For accurate budgeting of an FHA loan with PMI and taxes in Kent County, DE, understanding these down payment and tax dynamics is crucial for long-term cost planning.

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.