Kent County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Kent County, MD Benchmarks

FHA averages

Typical Property Value$328,077

Average Down Payment13.1%

Average Interest Rate6.293%

Effective Tax Rate0.92%

Median Tax Paid$3,025/yr

Tax Growth (Historical)+1.3%

Based on 91 regional loans totaling $25,445,000 (HMDA database).

Home Price

Down Payment

$42,978 down · $285,099 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

$252 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$121 / month

Estimated Monthly Payment

$2,316/mo

Principal & Interest$1,794
Property Tax$252
Home Insurance$150
FHA MIP$121

Amortization · Remaining Balance

Financed Loan Amount

$290,088

Total Interest

$355,635

Total of Payments

$645,723

*Includes financed FHA Upfront MIP of $4,989

Local Market Insights

Kent County FHA Mortgage Overview

In Kent County, the 13.08% average down payment on FHA loans provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of equity, making this ideal for buyers with sub-620 credit. The 86.92% loan-to-value ratio confirms minimal initial equity. With a 0.92% effective property tax rate and a 1.3% inflation-adjusted increase, monthly affordability is impacted; an FHA loan calculator with PMI and taxes in Kent County, MD must account for these recurring costs. All 100% of loans are for primary residences, reflecting standard homebuyer demand.

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.