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Luzerne County FHA Loan Calculator

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

Loan Details

Luzerne County, PA Benchmarks

FHA averages
Typical Property Value$229,824
Average Down Payment9.5%
Average Interest Rate6.468%
Effective Tax Rate1.35%
Median Tax Paid$2,530/yr
Tax Growth (Historical)-2.1%
Based on 1,364 regional loans totaling $276,790,000 (HMDA database).
$
%

$21,833 down · $207,991 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$259 / month

$

Annual premium

$

Per month

%

$88 / month

Estimated Monthly Payment

$1,830/mo

  • Principal & Interest$1,333
  • Property Tax$259
  • Home Insurance$150
  • FHA MIP$88
Amortization · Remaining Balance

Financed Loan Amount

$211,631

Total Interest

$268,421

Total of Payments

$480,052

*Includes financed FHA Upfront MIP of $3,640

Local Market Insights

Luzerne County FHA Mortgage Overview

In Luzerne County, the typical FHA buyer puts down 9.53% on a $229,824 property, reflecting accessible entry for owner-occupants. However, with a 90.47% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life—ideal for those with sub-620 credit, but a permanent cost. The effective property tax rate of 1.35% adds roughly $259 monthly, though the recent -2.1% inflation-adjusted tax shift slightly eases that burden. When evaluating an FHA loan with PMI and taxes in Luzerne County, PA, the low down payment offsets the long-term MIP, while county loan limits remain favorable for first-time buyers.

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.