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Centre County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Centre County, PA Benchmarks

FHA averages
Typical Property Value$301,623
Average Down Payment13.3%
Average Interest Rate6.258%
Effective Tax Rate1.04%
$
%

$40,116 down · $261,507 financed

Estimated Monthly Payment

$2,162/mo

  • Principal & Interest$1,640
  • Property Tax$261
  • Home Insurance$150
  • FHA MIP$111
Amortization · Remaining Balance

Financed Loan Amount

$266,084

Total Interest

$324,336

Total of Payments

$590,419

*Includes financed FHA Upfront MIP of $4,576

Local Market Insights

Centre County FHA Mortgage Overview

For Centre County homebuyers using an FHA loan, the 13.33% average down payment on a $301,623 property provides accessible entry but triggers mandatory Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity. The 86.67% LTV and 100% owner-occupancy rate confirm this is a primary residence market. With a 6.258% interest rate and a 1.04% effective property tax rate, monthly affordability is stable, though the recent 0.1% inflation-adjusted tax shift adds a minor cost. This FHA loan with PMI and taxes in Centre County, PA, suits buyers prioritizing low upfront cash over long-term MIP costs.

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.