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Cayey Municipio FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Cayey Municipio, Puerto Rico based on real HMDA transaction records.

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Cayey Municipio, PR Benchmarks

FHA averages
Typical Property Value$174,853
Average Down Payment9.2%
Average Interest Rate5.915%
Effective Tax Rate%
$
%

$16,086 down · $158,767 financed

Estimated Monthly Payment

$1,338/mo

  • Principal & Interest$960
  • Property Tax$160
  • Home Insurance$150
  • FHA MIP$67
Amortization · Remaining Balance

Financed Loan Amount

$161,545

Total Interest

$184,145

Total of Payments

$345,690

*Includes financed FHA Upfront MIP of $2,778

Local Market Insights

Cayey Municipio FHA Mortgage Overview

In Cayey Municipio, the 9.22% average down payment on FHA loans provides accessible entry for buyers, though the 90.78% loan-to-value ratio triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for sub-620 credit scores. With property tax data unavailable, monthly affordability hinges on the 5.915% rate and MIP costs. This data, reflecting 100% owner-occupied purchases, shows FHA financing is the primary tool for local homebuyers, though long-term MIP burden requires careful budgeting.

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.