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Calvert County FHA Loan Calculator

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

Loan Details

Calvert County, MD Benchmarks

FHA averages
Typical Property Value$439,020
Average Down Payment10.9%
Average Interest Rate6.289%
Effective Tax Rate0.83%
Median Tax Paid$3,885/yr
Tax Growth (Historical)-2.3%
Based on 408 regional loans totaling $156,270,000 (HMDA database).
$
%

$47,853 down · $391,167 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$304 / month

$

Annual premium

$

Per month

%

$166 / month

Estimated Monthly Payment

$3,080/mo

  • Principal & Interest$2,461
  • Property Tax$304
  • Home Insurance$150
  • FHA MIP$166
Amortization · Remaining Balance

Financed Loan Amount

$398,012

Total Interest

$487,945

Total of Payments

$885,958

*Includes financed FHA Upfront MIP of $6,845

Local Market Insights

Calvert County FHA Mortgage Overview

In Calvert County, the weighted average FHA down payment of 10.95% offers accessible entry, but note that FHA Mortgage Insurance Premiums (MIP) are required for the loan's life, regardless of equity buildup. With a median Loan-to-Value (LTV) of 89.05% and 100% primary occupancy, these loans suit buyers with sub-620 credit. The effective property tax rate of 0.83%, combined with a -2.3% inflation-adjusted tax shift, slightly improves monthly affordability. When evaluating an FHA loan down payment with PMI and taxes in Calvert County, Maryland, the low tax burden helps offset the permanent MIP cost. For accurate Calvert County FHA mortgage projections with property taxes, remember the loan limits and tax rate remain favorable for owner-occupants.

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.