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New Castle County FHA Loan Calculator

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

Loan Details

New Castle County, DE Benchmarks

FHA averages
Typical Property Value$359,271
Average Down Payment11.1%
Average Interest Rate6.178%
Effective Tax Rate0.72%
Median Tax Paid$2,499/yr
Tax Growth (Historical)-0.8%
Based on 2,167 regional loans totaling $668,765,000 (HMDA database).
$
%

$39,879 down · $319,392 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$216 / month

$

Annual premium

$

Per month

%

$135 / month

Estimated Monthly Payment

$2,487/mo

  • Principal & Interest$1,986
  • Property Tax$216
  • Home Insurance$150
  • FHA MIP$135
Amortization · Remaining Balance

Financed Loan Amount

$324,981

Total Interest

$390,048

Total of Payments

$715,030

*Includes financed FHA Upfront MIP of $5,589

Local Market Insights

New Castle County FHA Mortgage Overview

New Castle County FHA buyers are putting down 11.06%, which is above the 3.5% minimum but still provides accessible entry. With an 88.94% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan, making this ideal for borrowers with sub-620 credit. The average property value is $359,270.54 at a 6.178% rate. Property taxes are manageable at 0.72%, and the recent -0.8% inflation-adjusted tax shift slightly reduces monthly burden. For an FHA loan calculator with PMI and taxes in New Castle County, DE, this data shows predictable, long-term costs for owner-occupied homes.

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.