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Rincón Municipio FHA Loan Calculator

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

Rincón Municipio, PR Benchmarks

FHA averages
Typical Property Value$230,000
Average Down Payment14.4%
Average Interest Rate%
Effective Tax Rate%
$
%

$33,120 down · $196,880 financed

Estimated Monthly Payment

$1,744/mo

  • Principal & Interest$1,299
  • Property Tax$211
  • Home Insurance$150
  • FHA MIP$83
Amortization · Remaining Balance

Financed Loan Amount

$200,325

Total Interest

$267,425

Total of Payments

$467,750

*Includes financed FHA Upfront MIP of $3,445

Local Market Insights

Rincón Municipio FHA Mortgage Overview

For Rincón Municipio homebuyers, the 14.40% weighted average down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of this equity level. With an 85.60% median loan-to-value ratio and 100% primary occupancy, this market favors buyers with sub-620 credit scores seeking owner-occupied homes. The property tax rate is not available, so when evaluating an FHA loan with PMI and taxes in Rincón Municipio, PR, consider that local tax impacts remain undefined, but the low down payment reduces upfront costs. This data reflects standard homebuyers, not investors.

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.