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Forsyth County FHA Loan Calculator

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

Loan Details

Forsyth County, NC Benchmarks

FHA averages
Typical Property Value$298,511
Average Down Payment10.9%
Average Interest Rate6.228%
Effective Tax Rate0.80%
Median Tax Paid$1,984/yr
Tax Growth (Historical)-0.5%
Based on 1,598 regional loans totaling $412,250,000 (HMDA database).
$
%

$32,538 down · $265,973 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$199 / month

$

Annual premium

$

Per month

%

$113 / month

Estimated Monthly Payment

$2,125/mo

  • Principal & Interest$1,663
  • Property Tax$199
  • Home Insurance$150
  • FHA MIP$113
Amortization · Remaining Balance

Financed Loan Amount

$270,628

Total Interest

$327,974

Total of Payments

$598,602

*Includes financed FHA Upfront MIP of $4,655

Local Market Insights

Forsyth County FHA Mortgage Overview

For Forsyth County homebuyers using an FHA loan, the 10.93% down payment and 89.07% loan-to-value ratio indicate accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life—ideal for those with sub-620 credit scores. This data reflects 100% owner-occupied purchases. The effective 0.80% property tax rate, with a recent -0.5% inflation-adjusted shift, slightly eases monthly costs. When evaluating an FHA loan down payment scenario with PMI and taxes in Forsyth County, NC, remember the $298,510.97 average property value and 6.228% rate shape true affordability.

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.