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Franklin County FHA Loan Calculator

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

Loan Details

Franklin County, ME Benchmarks

FHA averages
Typical Property Value$254,596
Average Down Payment12.3%
Average Interest Rate6.316%
Effective Tax Rate0.99%
Median Tax Paid$2,027/yr
Tax Growth (Historical)+3.7%
Based on 99 regional loans totaling $21,465,000 (HMDA database).
$
%

$31,315 down · $223,281 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$210 / month

$

Annual premium

$

Per month

%

$95 / month

Estimated Monthly Payment

$1,864/mo

  • Principal & Interest$1,409
  • Property Tax$210
  • Home Insurance$150
  • FHA MIP$95
Amortization · Remaining Balance

Financed Loan Amount

$227,188

Total Interest

$280,122

Total of Payments

$507,310

*Includes financed FHA Upfront MIP of $3,907

Local Market Insights

Franklin County FHA Mortgage Overview

In Franklin County, the 12.35% average down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan regardless of equity, a key factor when evaluating an FHA loan with PMI and taxes in Franklin County, ME. The 87.65% loan-to-value ratio confirms this is a standard owner-occupied purchase, not an investment. With an effective property tax rate of 0.99% and a recent 3.7% inflation-adjusted increase, monthly affordability is directly impacted. When considering Franklin County FHA loan limits and property taxes, the $254,595.96 average property value means tax changes add roughly $7.50 more per month.

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.