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Androscoggin County FHA Loan Calculator

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

Loan Details

Androscoggin County, ME Benchmarks

FHA averages
Typical Property Value$326,706
Average Down Payment10.2%
Average Interest Rate6.168%
Effective Tax Rate1.19%
Median Tax Paid$2,940/yr
Tax Growth (Historical)-2.1%
Based on 550 regional loans totaling $158,660,000 (HMDA database).
$
%

$33,324 down · $293,382 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$324 / month

$

Annual premium

$

Per month

%

$124 / month

Estimated Monthly Payment

$2,421/mo

  • Principal & Interest$1,823
  • Property Tax$324
  • Home Insurance$150
  • FHA MIP$124
Amortization · Remaining Balance

Financed Loan Amount

$298,516

Total Interest

$357,588

Total of Payments

$656,104

*Includes financed FHA Upfront MIP of $5,134

Local Market Insights

Androscoggin County FHA Mortgage Overview

For Androscoggin County homebuyers, the 10.21% down payment on an FHA loan provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life regardless of equity. With an 89.79% LTV and 100% owner-occupied data, this profile suits buyers with sub-620 credit scores. The effective property tax rate of 1.19% and recent -2.1% inflation-adjusted tax shift slightly reduce monthly costs. When evaluating an FHA mortgage with property taxes and PMI in Androscoggin County, Maine, these factors are critical. Note FHA loan limits and tax impacts directly affect true affordability.

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.