Middlesex County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Middlesex County, NJ Benchmarks

FHA averages

Typical Property Value$564,861

Average Down Payment15.1%

Average Interest Rate6.253%

Effective Tax Rate1.99%

Median Tax Paid$9,712/yr

Tax Growth (Historical)-2.7%

Based on 1,655 regional loans totaling $762,995,000 (HMDA database).

Home Price

Down Payment

$85,294 down · $479,567 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

$937 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$203 / month

Estimated Monthly Payment

$4,294/mo

Principal & Interest$3,004
Property Tax$937
Home Insurance$150
FHA MIP$203

Amortization · Remaining Balance

Financed Loan Amount

$487,959

Total Interest

$593,643

Total of Payments

$1,081,602

*Includes financed FHA Upfront MIP of $8,392

Local Market Insights

Middlesex County FHA Mortgage Overview

For Middlesex County homebuyers using an FHA loan, the 15.13% average down payment and 84.87% loan-to-value ratio highlight accessible entry, but mandatory Mortgage Insurance Premiums (MIP) remain for the loan's life—even with this equity. This makes FHA financing ideal for borrowers with sub-620 credit scores. The effective property tax rate of 1.99%, combined with a -2.7% inflation-adjusted tax shift, offers slight monthly relief. When evaluating an FHA loan with PMI and taxes in Middlesex County, NJ, or assessing FHA loan limits, this data confirms a stable owner-occupied 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.