Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>North Carolina>Edgecombe County (FHA)

Edgecombe County FHA Loan Calculator

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

Loan Details

Edgecombe County, NC Benchmarks

FHA averages
Typical Property Value$194,534
Average Down Payment12.9%
Average Interest Rate6.463%
Effective Tax Rate0.88%
Median Tax Paid$1,306/yr
Tax Growth (Historical)-1.2%
Based on 193 regional loans totaling $30,805,000 (HMDA database).
$
%

$25,095 down · $169,439 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$143 / month

$

Annual premium

$

Per month

%

$72 / month

Estimated Monthly Payment

$1,450/mo

  • Principal & Interest$1,085
  • Property Tax$143
  • Home Insurance$150
  • FHA MIP$72
Amortization · Remaining Balance

Financed Loan Amount

$172,404

Total Interest

$218,261

Total of Payments

$390,665

*Includes financed FHA Upfront MIP of $2,965

Local Market Insights

Edgecombe County FHA Mortgage Overview

Edgecombe County’s FHA market reveals a strategic entry point for owner-occupants. A 12.90% down payment on a $194,534 property reduces upfront cash while mandating Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for buyers with sub-620 credit. The 87.10% LTV confirms low equity at closing, making this FHA loan with PMI and taxes a long-term cost consideration. The 0.88% effective tax rate, adjusted down 1.2% for inflation, slightly improves monthly affordability. When evaluating an FHA mortgage with property taxes, note the Edgecombe County FHA loan limits support this average value. This data exclusively reflects primary residences, not investments.

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.