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Anne Arundel County FHA Loan Calculator

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

Loan Details

Anne Arundel County, MD Benchmarks

FHA averages
Typical Property Value$454,096
Average Down Payment9.4%
Average Interest Rate6.225%
Effective Tax Rate0.80%
Median Tax Paid$3,957/yr
Tax Growth (Historical)+0.1%
Based on 1,858 regional loans totaling $746,400,000 (HMDA database).
$
%

$42,685 down · $411,411 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$303 / month

$

Annual premium

$

Per month

%

$174 / month

Estimated Monthly Payment

$3,196/mo

  • Principal & Interest$2,569
  • Property Tax$303
  • Home Insurance$150
  • FHA MIP$174
Amortization · Remaining Balance

Financed Loan Amount

$418,611

Total Interest

$506,336

Total of Payments

$924,946

*Includes financed FHA Upfront MIP of $7,200

Local Market Insights

Anne Arundel County FHA Mortgage Overview

In Anne Arundel County, FHA buyers are leveraging a 9.37% down payment on an average property value of $454,095.80, making homeownership accessible with a lower upfront cost. However, with a median loan-to-value ratio of 90.63%, the mandatory Mortgage Insurance Premium (MIP) is required for the life of the loan—a critical factor when assessing an FHA loan down payment in Anne Arundel County. The effective property tax rate of 0.80%, adjusted upward by 0.1% for inflation, adds roughly $303 annually to monthly costs, directly impacting affordability for primary residents. At a 6.225% interest rate, this data underscores that FHA loan limits and tax impacts here favor buyers prioritizing entry over long-term MIP avoidance.

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.