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Sussex County FHA Loan Calculator

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

Loan Details

Sussex County, NJ Benchmarks

FHA averages
Typical Property Value$456,518
Average Down Payment13.5%
Average Interest Rate6.305%
Effective Tax Rate2.20%
Median Tax Paid$8,568/yr
Tax Growth (Historical)-1.8%
Based on 738 regional loans totaling $284,160,000 (HMDA database).
$
%

$61,630 down · $394,888 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$837 / month

$

Annual premium

$

Per month

%

$167 / month

Estimated Monthly Payment

$3,641/mo

  • Principal & Interest$2,487
  • Property Tax$837
  • Home Insurance$150
  • FHA MIP$167
Amortization · Remaining Balance

Financed Loan Amount

$401,799

Total Interest

$493,530

Total of Payments

$895,329

*Includes financed FHA Upfront MIP of $6,911

Local Market Insights

Sussex County FHA Mortgage Overview

For Sussex County homebuyers utilizing an FHA loan, the 13.53% weighted average down payment provides accessible entry, but the 86.47% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—ideal for those with sub-620 credit. The effective 2.20% property tax rate is significant, though an inflation-adjusted tax change of -1.8% offers slight relief. When assessing an FHA loan down payment strategy in Sussex County, New Jersey, or evaluating an FHA mortgage with property taxes, remember these costs directly impact monthly affordability. This data reflects 100% primary residence purchases, not 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.