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Coamo Municipio FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Coamo 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

Coamo Municipio, PR Benchmarks

FHA averages
Typical Property Value$139,054
Average Down Payment18.8%
Average Interest Rate5.908%
Effective Tax Rate%
$
%

$26,142 down · $112,912 financed

Estimated Monthly Payment

$1,008/mo

  • Principal & Interest$682
  • Property Tax$127
  • Home Insurance$150
  • FHA MIP$48
Amortization · Remaining Balance

Financed Loan Amount

$114,888

Total Interest

$130,696

Total of Payments

$245,584

*Includes financed FHA Upfront MIP of $1,976

Local Market Insights

Coamo Municipio FHA Mortgage Overview

For Coamo Municipio homebuyers, the 18.79% average down payment on an FHA loan is notably high, exceeding the typical 3.5% minimum. This suggests buyers are bringing significant equity to reduce principal. However, because FHA guidelines require Mortgage Insurance Premiums (MIP) for the life of the loan regardless of down payment size, the 81.21% Loan-to-Value ratio confirms MIP is mandatory. This structure is ideal for buyers with sub-620 credit scores seeking entry. With 100% owner-occupancy, this data reflects primary residences only. The effective property tax rate is listed as N/A, which eliminates one variable from true monthly affordability calculations in Coamo Municipio.

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.