Prince George's County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Prince George's 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

Prince George's County, MD Benchmarks

FHA averages

Typical Property Value$481,755

Average Down Payment9.3%

Average Interest Rate6.243%

Effective Tax Rate1.06%

Home Price

Down Payment

$44,803 down · $436,952 financed

Estimated Monthly Payment

$3,495/mo

Principal & Interest$2,735
Property Tax$426
Home Insurance$150
FHA MIP$185

Amortization · Remaining Balance

Financed Loan Amount

$444,598

Total Interest

$539,850

Total of Payments

$984,448

*Includes financed FHA Upfront MIP of $7,647

Local Market Insights

Prince George's County FHA Mortgage Overview

For Prince George's County homebuyers using an FHA loan, the 9.29% average down payment provides accessible entry, though this data reflects standard primary residences (100% occupancy). With a 90.71% Loan-to-Value ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, regardless of the down payment size—ideal for those with sub-620 credit scores. The 6.243% interest rate and 1.06% effective property tax rate on a $481,755 average home create a significant monthly obligation. However, the recent -0.7% inflation-adjusted tax change offers slight relief, improving true affordability when using an FHA mortgage analysis tool that accounts for PMI and taxes in Prince George's County, Maryland.

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.