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

Baseline

Rates

Taxes & Ins.

DTI

US County (Smart Autofill)

Loan Type

Credit Score (FICO)

Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Montgomery County, MD Benchmarks

FHA averages

Typical Property Value$540,372

Average Down Payment12.2%

Average Interest Rate6.249%

Effective Tax Rate0.85%

Home Price

Down Payment

$65,925 down · $474,447 financed

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.