Dare County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Dare County, NC Benchmarks

FHA averages

Typical Property Value$455,725

Average Down Payment17.2%

Average Interest Rate6.039%

Effective Tax Rate0.51%

Median Tax Paid$2,391/yr

Tax Growth (Historical)+3.3%

Based on 69 regional loans totaling $24,355,000 (HMDA database).

Home Price

Down Payment

$78,385 down · $377,340 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$194 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$160 / month

Estimated Monthly Payment

$2,815/mo

Principal & Interest$2,312
Property Tax$194
Home Insurance$150
FHA MIP$160

Amortization · Remaining Balance

Financed Loan Amount

$383,944

Total Interest

$448,311

Total of Payments

$832,255

*Includes financed FHA Upfront MIP of $6,603

Local Market Insights

Dare County FHA Mortgage Overview

For Dare County homebuyers using an FHA loan, the 17.18% weighted average down payment on a $455,724.64 property provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan regardless of this equity level. The 82.82% loan-to-value ratio confirms this is standard owner-occupied financing. The effective property tax rate of 0.51% with a recent 3.3% inflation-adjusted increase adds modest monthly cost, so when evaluating an FHA loan with PMI and taxes in Dare County, NC, factor in this persistent tax shift. For an FHA loan down payment analysis in Dare County, North Carolina, the 6.039% interest rate and low tax rate keep payments manageable, though MIP is permanent.

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.