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Montgomery County FHA Loan Calculator

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

Loan Details

Montgomery County, MD Benchmarks

FHA averages
Typical Property Value$540,372
Average Down Payment12.2%
Average Interest Rate6.249%
Effective Tax Rate0.85%
Median Tax Paid$5,539/yr
Tax Growth (Historical)+0.6%
Based on 1,495 regional loans totaling $683,605,000 (HMDA database).
$
%

$65,925 down · $474,447 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$383 / month

$

Annual premium

$

Per month

%

$201 / month

Estimated Monthly Payment

$3,706/mo

  • Principal & Interest$2,972
  • Property Tax$383
  • Home Insurance$150
  • FHA MIP$201
Amortization · Remaining Balance

Financed Loan Amount

$482,749

Total Interest

$587,304

Total of Payments

$1,070,054

*Includes financed FHA Upfront MIP of $8,303

Local Market Insights

Montgomery County FHA Mortgage Overview

Montgomery County’s FHA market, with a 12.19% down payment and 87.81% LTV, offers accessible entry for buyers, but the mandatory MIP applies for the loan’s life—ideal for those with sub-620 credit. The 0.85% effective property tax rate, with a 0.6% inflation-adjusted increase, adds roughly $30 monthly to a typical $540K property. This data reflects 100% owner-occupied purchases, not investments. For precise monthly costs factoring FHA loan limits, property taxes, and PMI, consult a local mortgage advisor.

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.