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Monroe County FHA Loan Calculator

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

Loan Details

Monroe County, PA Benchmarks

FHA averages
Typical Property Value$329,259
Average Down Payment14.6%
Average Interest Rate6.371%
Effective Tax Rate1.62%
Median Tax Paid$4,447/yr
Tax Growth (Historical)-2.7%
Based on 1,019 regional loans totaling $275,815,000 (HMDA database).
$
%

$48,072 down · $281,187 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$444 / month

$

Annual premium

$

Per month

%

$119 / month

Estimated Monthly Payment

$2,498/mo

  • Principal & Interest$1,784
  • Property Tax$444
  • Home Insurance$150
  • FHA MIP$119
Amortization · Remaining Balance

Financed Loan Amount

$286,108

Total Interest

$356,134

Total of Payments

$642,242

*Includes financed FHA Upfront MIP of $4,921

Local Market Insights

Monroe County FHA Mortgage Overview

Monroe County FHA buyers benefit from the accessible 14.62% down payment, significantly lower than the national average. However, this 85.38% LTV ratio means mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, a key factor for those with sub-620 credit scores seeking entry. The effective property tax rate of 1.62% is substantial, though the recent -2.7% inflation-adjusted tax shift offers slight relief. When evaluating a Monroe County FHA mortgage with property taxes, the combination of MIP and these taxes directly impacts monthly affordability. This data reflects standard owner-occupied 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.