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Culebra Municipio FHA Loan Calculator

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

Loan Details

Culebra Municipio, PR Benchmarks

FHA averages
Typical Property Value$475,000
Average Down Payment3.5%
Average Interest Rate5.500%
Effective Tax Rate%
Median Tax PaidN/A
Tax Growth (Historical)%
Based on 2 regional loans totaling $930,000 (HMDA database).
$
%

$16,625 down · $458,375 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$435 / month

$

Annual premium

$

Per month

%

$214 / month

Estimated Monthly Payment

$3,447/mo

  • Principal & Interest$2,648
  • Property Tax$435
  • Home Insurance$150
  • FHA MIP$214
Amortization · Remaining Balance

Financed Loan Amount

$466,397

Total Interest

$486,937

Total of Payments

$953,333

*Includes financed FHA Upfront MIP of $8,022

Local Market Insights

Culebra Municipio FHA Mortgage Overview

In Culebra Municipio, the FHA data reveals a market accessible to buyers with limited savings, as the weighted average down payment is just 3.50%. However, with a 96.50% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan—ideal for those with sub-620 credit scores. The average property value of $475,000 and a 5.500% interest rate mean monthly costs are driven by principal and MIP, not local taxes, as the effective property tax rate is N/A. For a primary residence, this FHA loan structure offers a clear path to homeownership, but buyers should factor in permanent MIP when evaluating true affordability in this market.

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.