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Washington County FHA Loan Calculator

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

Loan Details

Washington County, NC Benchmarks

FHA averages
Typical Property Value$206,290
Average Down Payment11.1%
Average Interest Rate6.445%
Effective Tax Rate0.93%
Median Tax Paid$1,252/yr
Tax Growth (Historical)+1.0%
Based on 31 regional loans totaling $5,485,000 (HMDA database).
$
%

$22,898 down · $183,392 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$160 / month

$

Annual premium

$

Per month

%

$78 / month

Estimated Monthly Payment

$1,561/mo

  • Principal & Interest$1,173
  • Property Tax$160
  • Home Insurance$150
  • FHA MIP$78
Amortization · Remaining Balance

Financed Loan Amount

$186,601

Total Interest

$235,793

Total of Payments

$422,394

*Includes financed FHA Upfront MIP of $3,209

Local Market Insights

Washington County FHA Mortgage Overview

In Washington County, the 11.05% FHA down payment and 88.95% LTV ratio signal accessible entry, but FHA loans require mandatory Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity. This makes FHA ideal for buyers with sub-620 credit scores purchasing primary residences. The 0.93% effective property tax rate, with a 1.0% inflation-adjusted shift, adds modest monthly cost. For an FHA loan down payment analysis in Washington County, NC, remember MIP and taxes impact true affordability. When exploring Washington County FHA loan limits and property taxes, this 100% owner-occupied data confirms standard homebuyer activity.

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.