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Penobscot County FHA Loan Calculator

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

Penobscot County, ME Benchmarks

FHA averages
Typical Property Value$277,199
Average Down Payment12.5%
Average Interest Rate6.263%
Effective Tax Rate1.11%
$
%

$34,650 down · $242,549 financed

Estimated Monthly Payment

$2,030/mo

  • Principal & Interest$1,521
  • Property Tax$256
  • Home Insurance$150
  • FHA MIP$103
Amortization · Remaining Balance

Financed Loan Amount

$246,794

Total Interest

$300,823

Total of Payments

$547,616

*Includes financed FHA Upfront MIP of $4,245

Local Market Insights

Penobscot County FHA Mortgage Overview

For Penobscot County homebuyers utilizing an FHA loan, the 12.54% weighted average down payment provides accessible entry, though the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life regardless of equity. The 87.46% median loan-to-value ratio reflects a standard owner-occupied profile, ideal for those with sub-620 credit scores seeking primary residences. At a 1.11% effective property tax rate and a -1.2% inflation-adjusted decrease, monthly affordability is slightly improved. When evaluating an FHA loan with PMI and taxes in Penobscot County, ME, these figures highlight stable costs, while local loan limits and tax considerations shape true ownership expenses.

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.