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Patillas Municipio FHA Loan Calculator

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

Loan Details

Patillas Municipio, PR Benchmarks

FHA averages
Typical Property Value$147,593
Average Down Payment6.9%
Average Interest Rate5.804%
Effective Tax Rate%
Median Tax PaidN/A
Tax Growth (Historical)%
Based on 27 regional loans totaling $3,295,000 (HMDA database).
$
%

$10,184 down · $137,409 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$135 / month

$

Annual premium

$

Per month

%

$58 / month

Estimated Monthly Payment

$1,164/mo

  • Principal & Interest$820
  • Property Tax$135
  • Home Insurance$150
  • FHA MIP$58
Amortization · Remaining Balance

Financed Loan Amount

$139,814

Total Interest

$155,516

Total of Payments

$295,330

*Includes financed FHA Upfront MIP of $2,405

Local Market Insights

Patillas Municipio FHA Mortgage Overview

In Patillas Municipio, the 6.90% weighted average down payment on an FHA loan provides accessible entry for owner-occupants, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s lifetime due to the 93.10% median loan-to-value ratio. This structure suits buyers with sub-620 credit. The N/A% effective property tax rate and inflation-adjusted shift leave affordability largely dependent on principal and interest. When evaluating an FHA mortgage with property taxes, note that the 5.804% average interest rate on a $147,592.59 property keeps monthly costs manageable, though MIP adds a permanent layer to your payment.

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.