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Richmond County FHA Loan Calculator

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

Loan Details

Richmond County, NC Benchmarks

FHA averages
Typical Property Value$212,727
Average Down Payment12.5%
Average Interest Rate6.424%
Effective Tax Rate0.78%
Median Tax Paid$1,138/yr
Tax Growth (Historical)-1.6%
Based on 154 regional loans totaling $27,670,000 (HMDA database).
$
%

$26,591 down · $186,136 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$138 / month

$

Annual premium

$

Per month

%

$79 / month

Estimated Monthly Payment

$1,554/mo

  • Principal & Interest$1,187
  • Property Tax$138
  • Home Insurance$150
  • FHA MIP$79
Amortization · Remaining Balance

Financed Loan Amount

$189,394

Total Interest

$237,980

Total of Payments

$427,374

*Includes financed FHA Upfront MIP of $3,257

Local Market Insights

Richmond County FHA Mortgage Overview

For Richmond County homebuyers using FHA financing, the 12.54% average down payment and 87.46% Loan-to-Value ratio provide accessible entry, but note that FHA Mortgage Insurance Premiums (MIP) are required for the loan's lifetime, regardless of equity. This data reflects 100% primary residences, not investments. The effective property tax rate of 0.78% is moderate, and the recent -1.6% inflation-adjusted tax shift slightly reduces monthly burdens. When evaluating an FHA loan down payment in Richmond County, NC, or considering an FHA mortgage with property taxes, the low tax growth supports long-term affordability despite mandatory MIP.

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.