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Franklin County FHA Loan Calculator

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

Loan Details

Franklin County, MA Benchmarks

FHA averages
Typical Property Value$367,205
Average Down Payment11.5%
Average Interest Rate6.481%
Effective Tax Rate1.32%
Median Tax Paid$4,720/yr
Tax Growth (Historical)-0.4%
Based on 127 regional loans totaling $38,695,000 (HMDA database).
$
%

$42,229 down · $324,976 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$404 / month

$

Annual premium

$

Per month

%

$138 / month

Estimated Monthly Payment

$2,777/mo

  • Principal & Interest$2,086
  • Property Tax$404
  • Home Insurance$150
  • FHA MIP$138
Amortization · Remaining Balance

Financed Loan Amount

$330,664

Total Interest

$420,178

Total of Payments

$750,842

*Includes financed FHA Upfront MIP of $5,687

Local Market Insights

Franklin County FHA Mortgage Overview

For Franklin County homebuyers utilizing an FHA loan, the 11.48% down payment on a $367,205 property provides accessible entry but mandates Mortgage Insurance Premiums (MIP) for the life of the loan, regardless of the 88.52% loan-to-value ratio. This structure benefits those with sub-620 credit scores. The effective property tax rate of 1.32% adds $404 monthly, though the -0.4% inflation-adjusted tax change offers slight relief. When evaluating an FHA loan with PMI and taxes in Franklin County, MA, remember MIP is permanent, making it ideal for primary residence buyers seeking lower upfront costs.

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.