New Hanover County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

New Hanover County, NC Benchmarks

FHA averages

Typical Property Value$395,152

Average Down Payment14.9%

Average Interest Rate6.202%

Effective Tax Rate0.55%

Median Tax Paid$2,105/yr

Tax Growth (Historical)-1.6%

Based on 525 regional loans totaling $168,535,000 (HMDA database).

Home Price

Down Payment

$58,878 down · $336,274 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

$181 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$143 / month

Estimated Monthly Payment

$2,569/mo

Principal & Interest$2,096
Property Tax$181
Home Insurance$150
FHA MIP$143

Amortization · Remaining Balance

Financed Loan Amount

$342,159

Total Interest

$412,264

Total of Payments

$754,423

*Includes financed FHA Upfront MIP of $5,885

Local Market Insights

New Hanover County FHA Mortgage Overview

New Hanover County FHA buyers are leveraging a 14.87% down payment, which is below the 20% threshold, meaning mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life. This is ideal for borrowers with sub-620 credit scores seeking accessible entry. The 85.13% loan-to-value ratio confirms minimal equity at origination. With a 0.55% effective tax rate and a -1.6% inflation-adjusted tax decrease, monthly affordability improves slightly. For a complete picture of an FHA loan with PMI and taxes in New Hanover County, NC, these figures highlight a stable primary residence market.

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.