Warren County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Warren County, NJ Benchmarks

FHA averages

Typical Property Value$396,856

Average Down Payment13.2%

Average Interest Rate6.285%

Effective Tax Rate2.26%

Median Tax Paid$8,119/yr

Tax Growth (Historical)-3.4%

Based on 501 regional loans totaling $165,685,000 (HMDA database).

Home Price

Down Payment

$52,385 down · $344,471 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

$747 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$146 / month

Estimated Monthly Payment

$3,211/mo

Principal & Interest$2,167
Property Tax$747
Home Insurance$150
FHA MIP$146

Amortization · Remaining Balance

Financed Loan Amount

$350,499

Total Interest

$429,697

Total of Payments

$780,196

*Includes financed FHA Upfront MIP of $6,028

Local Market Insights

Warren County FHA Mortgage Overview

For Warren County homebuyers using an FHA loan, the 13.16% down payment on a $396,856 property provides accessible entry, but triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, even with this equity. The 86.84% Loan-to-Value (LTV) ratio confirms this, making FHA ideal for those with sub-620 credit scores. The 2.26% effective property tax rate significantly impacts monthly affordability; however, the recent -3.4% inflation-adjusted tax change offers slight relief. When evaluating an FHA loan down payment with PMI and taxes in Warren County, NJ, or using an FHA mortgage tool with property taxes, remember these tax dynamics and loan limits affect true costs for primary residences.

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.