Martin County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Martin County, NC Benchmarks

FHA averages

Typical Property Value$198,684

Average Down Payment13.2%

Average Interest Rate6.567%

Effective Tax Rate0.94%

Median Tax Paid$1,168/yr

Tax Growth (Historical)-3.7%

Based on 76 regional loans totaling $12,850,000 (HMDA database).

Home Price

Down Payment

$26,226 down · $172,458 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

$156 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$73 / month

Estimated Monthly Payment

$1,496/mo

Principal & Interest$1,117
Property Tax$156
Home Insurance$150
FHA MIP$73

Amortization · Remaining Balance

Financed Loan Amount

$175,476

Total Interest

$226,722

Total of Payments

$402,198

*Includes financed FHA Upfront MIP of $3,018

Local Market Insights

Martin County FHA Mortgage Overview

In Martin County, the 13.20% weighted average down payment on an FHA loan provides accessible entry for buyers, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—ideal for those with a sub-620 credit score. The 86.80% Loan-to-Value (LTV) ratio confirms these are primary residences, not investments. When evaluating an FHA loan with PMI and taxes in Martin County, NC, the effective property tax rate of 0.94% remains manageable, especially with a recent -3.7% inflation-adjusted tax decrease, lowering true monthly affordability. For an FHA loan down payment in Martin County, North Carolina, the 6.567% average rate combined with stable property taxes supports long-term budgeting.

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.