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Sussex County FHA Loan Calculator

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

Loan Details

Sussex County, DE Benchmarks

FHA averages
Typical Property Value$361,813
Average Down Payment10.6%
Average Interest Rate6.156%
Effective Tax Rate0.31%
Median Tax Paid$1,222/yr
Tax Growth (Historical)+1.2%
Based on 1,346 regional loans totaling $419,480,000 (HMDA database).
$
%

$38,352 down · $323,461 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$93 / month

$

Annual premium

$

Per month

%

$137 / month

Estimated Monthly Payment

$2,388/mo

  • Principal & Interest$2,007
  • Property Tax$93
  • Home Insurance$150
  • FHA MIP$137
Amortization · Remaining Balance

Financed Loan Amount

$329,121

Total Interest

$393,482

Total of Payments

$722,603

*Includes financed FHA Upfront MIP of $5,661

Local Market Insights

Sussex County FHA Mortgage Overview

Sussex County’s FHA market reveals an accessible entry point with a 10.62% down payment on a $361,813 average property. However, this FHA loan with PMI and taxes in Sussex County, DE, carries mandatory Mortgage Insurance Premiums (MIP) for the entire loan term, regardless of the 89.38% LTV ratio. The 0.31% effective property tax rate and a 1.2% inflation-adjusted increase keep monthly costs low, but buyers using a Sussex County FHA mortgage with property taxes must factor in lifetime MIP. This data reflects 100% primary residences, ideal for those with sub-620 credit seeking a Sussex County FHA loan limits and tax profile that prioritizes low upfront cost over long-term premium elimination.

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.