Potter County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Potter County, PA Benchmarks

FHA averages

Typical Property Value$199,516

Average Down Payment13.5%

Average Interest Rate6.498%

Effective Tax Rate0.98%

Median Tax Paid$1,857/yr

Tax Growth (Historical)-3.6%

Based on 31 regional loans totaling $5,205,000 (HMDA database).

Home Price

Down Payment

$26,935 down · $172,581 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

$163 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$73 / month

Estimated Monthly Payment

$1,496/mo

Principal & Interest$1,110
Property Tax$163
Home Insurance$150
FHA MIP$73

Amortization · Remaining Balance

Financed Loan Amount

$175,602

Total Interest

$223,970

Total of Payments

$399,572

*Includes financed FHA Upfront MIP of $3,020

Local Market Insights

Potter County FHA Mortgage Overview

In Potter County, the average 13.51% down payment on an FHA loan provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan's life despite the equity built. The 86.49% loan-to-value ratio confirms this is typical for owner-occupied purchases, ideal for buyers with sub-620 credit. With a 0.98% effective tax rate and a recent -3.6% inflation-adjusted tax decline, monthly affordability is slightly improved. For those using a Potter County FHA loan with PMI and taxes, this lower tax burden offsets the permanent MIP cost on the average $199,516 property at a 6.498% rate.

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.