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Tyrrell County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Tyrrell County, NC Benchmarks

FHA averages
Typical Property Value$240,000
Average Down Payment3.3%
Average Interest Rate6.438%
Effective Tax Rate0.63%
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FHA loans require a minimum 3.5% down payment.

Estimated Monthly Payment

$1,868/mo

  • Principal & Interest$1,483
  • Property Tax$126
  • Home Insurance$150
  • FHA MIP$108
Amortization · Remaining Balance

Financed Loan Amount

$236,141

Total Interest

$297,835

Total of Payments

$533,977

*Includes financed FHA Upfront MIP of $4,061

Local Market Insights

Tyrrell County FHA Mortgage Overview

For Tyrrell County homebuyers, the 3.34% FHA down payment on a $240,000 property provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, even with a 96.66% loan-to-value ratio. This structure is ideal for those with sub-620 credit scores seeking owner-occupied financing. The effective property tax rate of 0.63% is low, yet the 4.7% inflation-adjusted tax increase adds approximately $71 annually to monthly costs. When evaluating an FHA mortgage with PMI and taxes in Tyrrell County, NC, the low down payment and fixed MIP must be weighed against this rising tax burden for 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.