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Lincoln County FHA Loan Calculator

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

Loan Details

Lincoln County, ME Benchmarks

FHA averages
Typical Property Value$331,966
Average Down Payment13.5%
Average Interest Rate6.199%
Effective Tax Rate0.85%
Median Tax Paid$2,828/yr
Tax Growth (Historical)-3.7%
Based on 89 regional loans totaling $24,795,000 (HMDA database).
$
%

$44,815 down · $287,151 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$235 / month

$

Annual premium

$

Per month

%

$122 / month

Estimated Monthly Payment

$2,296/mo

  • Principal & Interest$1,789
  • Property Tax$235
  • Home Insurance$150
  • FHA MIP$122
Amortization · Remaining Balance

Financed Loan Amount

$292,176

Total Interest

$352,039

Total of Payments

$644,215

*Includes financed FHA Upfront MIP of $5,025

Local Market Insights

Lincoln County FHA Mortgage Overview

For Lincoln County homebuyers, the 13.50% average down payment on an FHA loan significantly lowers the entry barrier compared to conventional financing. However, this FHA strategy mandates Mortgage Insurance Premiums (MIP) for the entire loan term, regardless of equity build, making it ideal for buyers with sub-620 credit scores. With an 86.50% loan-to-value ratio and 100% primary occupancy, this data reflects owner-occupants. The effective property tax rate of 0.85%, coupled with a -3.7% inflation-adjusted tax decrease, provides slight monthly affordability relief. When evaluating an FHA loan with PMI and taxes in Lincoln County, ME, these factors directly shape your true monthly cost.

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.