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Knox County FHA Loan Calculator

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

Loan Details
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

Knox County, ME Benchmarks

FHA averages
Typical Property Value$344,759
Average Down Payment17.6%
Average Interest Rate6.163%
Effective Tax Rate1.08%
$
%

$60,678 down · $284,081 financed

Estimated Monthly Payment

$2,344/mo

  • Principal & Interest$1,763
  • Property Tax$310
  • Home Insurance$150
  • FHA MIP$120
Amortization · Remaining Balance

Financed Loan Amount

$289,053

Total Interest

$345,578

Total of Payments

$634,631

*Includes financed FHA Upfront MIP of $4,971

Local Market Insights

Knox County FHA Mortgage Overview

For Knox County homebuyers using an FHA loan, the 17.57% average down payment provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, regardless of equity—ideal for those with sub-620 credit. The 82.43% loan-to-value ratio confirms this is a primary residence market. With a 1.08% effective property tax rate and a 0.8% inflation-adjusted increase, monthly affordability is impacted. An FHA loan calculator with PMI and taxes in Knox County, ME, must account for this permanent MIP, while the $344,759 average property value and 6.163% interest rate shape your budget. This Knox County FHA mortgage calculator with property taxes highlights true costs.

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.