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Waldo County FHA Loan Calculator

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

Waldo County, ME Benchmarks

FHA averages
Typical Property Value$309,194
Average Down Payment13.6%
Average Interest Rate6.115%
Effective Tax Rate1.00%
$
%

$42,050 down · $267,144 financed

Estimated Monthly Payment

$2,172/mo

  • Principal & Interest$1,651
  • Property Tax$258
  • Home Insurance$150
  • FHA MIP$113
Amortization · Remaining Balance

Financed Loan Amount

$271,819

Total Interest

$322,441

Total of Payments

$594,259

*Includes financed FHA Upfront MIP of $4,675

Local Market Insights

Waldo County FHA Mortgage Overview

Waldo County FHA buyers are leveraging a 13.61% down payment on an average $309,194 property, a strategic entry point given the 6.115% rate. However, with an 86.39% Loan-to-Value, mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, a critical factor for those evaluating an FHA loan with PMI and taxes in Waldo County, ME. The 1.00% effective property tax rate, adjusted up 0.4% for inflation, adds roughly $258 monthly, directly impacting affordability when using a Waldo County FHA mortgage tool with property taxes. This data reflects 100% owner-occupied purchases, confirming these are primary residence investments, not speculative plays.

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.