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Fayette County FHA Loan Calculator

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

Loan Details

Fayette County, PA Benchmarks

FHA averages
Typical Property Value$190,949
Average Down Payment11.2%
Average Interest Rate6.487%
Effective Tax Rate1.08%
Median Tax Paid$1,607/yr
Tax Growth (Historical)+2.8%
Based on 311 regional loans totaling $50,265,000 (HMDA database).
$
%

$21,386 down · $169,563 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$172 / month

$

Annual premium

$

Per month

%

$72 / month

Estimated Monthly Payment

$1,483/mo

  • Principal & Interest$1,089
  • Property Tax$172
  • Home Insurance$150
  • FHA MIP$72
Amortization · Remaining Balance

Financed Loan Amount

$172,530

Total Interest

$219,644

Total of Payments

$392,174

*Includes financed FHA Upfront MIP of $2,967

Local Market Insights

Fayette County FHA Mortgage Overview

Fayette County’s FHA market reveals accessible entry for primary residents, with an 11.23% down payment on a $190,949 average property. Despite this lower barrier, the 88.77% LTV ratio means mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life—critical for those using an FHA loan calculator with PMI and taxes in Fayette County, PA. The 1.08% effective tax rate, adjusted 2.8% for inflation, adds $2,062 annually; when paired with the 6.487% rate, monthly affordability tightens. Those exploring Fayette County FHA loan limits and tax considerations should note this data reflects standard owner-occupied purchases, not investments.

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.