Pike County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Pike County, PA Benchmarks

FHA averages

Typical Property Value$307,672

Average Down Payment13.6%

Average Interest Rate6.362%

Effective Tax Rate1.24%

Median Tax Paid$3,542/yr

Tax Growth (Historical)-1.9%

Based on 363 regional loans totaling $93,115,000 (HMDA database).

Home Price

Down Payment

$41,843 down · $265,829 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

$318 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$113 / month

Estimated Monthly Payment

$2,265/mo

Principal & Interest$1,685
Property Tax$318
Home Insurance$150
FHA MIP$113

Amortization · Remaining Balance

Financed Loan Amount

$270,481

Total Interest

$336,045

Total of Payments

$606,526

*Includes financed FHA Upfront MIP of $4,652

Local Market Insights

Pike County FHA Mortgage Overview

In Pike County, the 13.61% average down payment for FHA loans provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of equity. This is ideal for buyers with sub-620 credit scores. With an 86.39% loan-to-value ratio and 100% primary occupancy, this market favors owner-occupants. The effective property tax rate of 1.24% on a $307,672 home adds roughly $318 monthly, though the recent -1.9% inflation-adjusted tax shift offers slight relief. When evaluating an FHA mortgage with PMI and taxes in Pike County, PA, these factors directly shape true monthly affordability.

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.