Broward County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Broward County, FL Benchmarks

FHA averages

Typical Property Value$474,954

Average Down Payment10.1%

Average Interest Rate6.233%

Effective Tax Rate0.96%

Median Tax Paid$3,890/yr

Tax Growth (Historical)+4.5%

Based on 6,065 regional loans totaling $2,520,995,000 (HMDA database).

Home Price

Down Payment

$47,970 down · $426,984 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

$380 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$181 / month

Estimated Monthly Payment

$3,380/mo

Principal & Interest$2,669
Property Tax$380
Home Insurance$150
FHA MIP$181

Amortization · Remaining Balance

Financed Loan Amount

$434,456

Total Interest

$526,518

Total of Payments

$960,973

*Includes financed FHA Upfront MIP of $7,472

Local Market Insights

Broward County FHA Mortgage Overview

For a typical Broward County homebuyer using an FHA loan, the 10.05% down payment on a $474,954 property offers accessible entry but mandates Mortgage Insurance Premiums (MIP) for the entire loan term, regardless of the 89.95% loan-to-value ratio. This makes it ideal for primary residence buyers with sub-620 credit. The 0.96% effective property tax rate, adjusted upward by 4.5% for inflation, significantly impacts monthly affordability. When evaluating an FHA loan with PMI and taxes in Broward County, FL, or using a Broward County FHA mortgage with property taxes, remember that the MIP is a permanent cost. Given the county's FHA loan limits, this structure favors long-term occupancy over investment.

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.