Wilkes County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Wilkes County, NC Benchmarks

FHA averages

Typical Property Value$260,991

Average Down Payment13.2%

Average Interest Rate6.417%

Effective Tax Rate0.57%

Median Tax Paid$1,002/yr

Tax Growth (Historical)-3.1%

Based on 232 regional loans totaling $50,730,000 (HMDA database).

Home Price

Down Payment

$34,451 down · $226,540 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

$124 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$96 / month

Estimated Monthly Payment

$1,815/mo

Principal & Interest$1,445
Property Tax$124
Home Insurance$150
FHA MIP$96

Amortization · Remaining Balance

Financed Loan Amount

$230,505

Total Interest

$289,638

Total of Payments

$520,142

*Includes financed FHA Upfront MIP of $3,964

Local Market Insights

Wilkes County FHA Mortgage Overview

In Wilkes County, an FHA loan with a 13.17% down payment on a $260,991 property provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan due to the 86.83% Loan-to-Value ratio. This structure is ideal for buyers with sub-620 credit scores. The effective property tax rate of 0.57% is low, and the recent -3.1% inflation-adjusted tax shift improves true monthly affordability. For an FHA loan with PMI and taxes in Wilkes County, NC, this data confirms a stable, owner-occupied market with no investment properties.

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.