Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Puerto Rico>Lares Municipio (FHA)

Lares Municipio FHA Loan Calculator

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

Loan Details

Lares Municipio, PR Benchmarks

FHA averages
Typical Property Value$169,286
Average Down Payment13.3%
Average Interest Rate5.584%
Effective Tax Rate%
Median Tax PaidN/A
Tax Growth (Historical)%
Based on 21 regional loans totaling $2,735,000 (HMDA database).
$
%

$22,515 down · $146,771 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$155 / month

$

Annual premium

$

Per month

%

$62 / month

Estimated Monthly Payment

$1,223/mo

  • Principal & Interest$855
  • Property Tax$155
  • Home Insurance$150
  • FHA MIP$62
Amortization · Remaining Balance

Financed Loan Amount

$149,339

Total Interest

$158,620

Total of Payments

$307,960

*Includes financed FHA Upfront MIP of $2,568

Local Market Insights

Lares Municipio FHA Mortgage Overview

In Lares Municipio, the 13.25% weighted average down payment for FHA loans provides accessible entry despite the 96.5% standard loan limit. However, with an 86.75% LTV ratio, mandatory Mortgage Insurance Premiums (MIP) remain for the loan’s life, ideal for buyers with sub-620 credit scores. The average property value of $169,285.71 and 5.584% interest rate mean that evaluating an FHA loan down payment in Lares Municipio requires factoring in this permanent MIP cost. With a 100% primary occupancy rate, these are owner-occupied homes. As the effective tax rate is N/A%, monthly affordability hinges on the loan structure rather than property tax adjustments, making an FHA mortgage analysis with property taxes in Lares Municipio essential for true cost assessment.

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.