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Naranjito Municipio FHA Loan Calculator

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

Naranjito Municipio, PR Benchmarks

FHA averages
Typical Property Value$154,565
Average Down Payment3.4%
Average Interest Rate5.765%
Effective Tax Rate%
$
%

FHA loans require a minimum 3.5% down payment.

Estimated Monthly Payment

$1,249/mo

  • Principal & Interest$888
  • Property Tax$142
  • Home Insurance$150
  • FHA MIP$70
Amortization · Remaining Balance

Financed Loan Amount

$151,923

Total Interest

$167,594

Total of Payments

$319,516

*Includes financed FHA Upfront MIP of $2,613

Local Market Insights

Naranjito Municipio FHA Mortgage Overview

In Naranjito Municipio, the 3.37% average down payment on an FHA loan provides accessible entry for buyers, especially those with sub-620 credit scores. However, with a 96.63% Loan-to-Value ratio, mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan. This data reflects 100% primary residence purchases, not investments. When evaluating an FHA loan with PMI and taxes in Naranjito Municipio, PR, the effective property tax rate is not available, but the lack of inflation-adjusted tax change suggests stable monthly carrying costs. Understanding these FHA loan limits and tax implications is crucial for assessing true affordability in this specific 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.