Mason County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Mason County, Washington based on real HMDA transaction records.

Loan Details

US County (Smart Autofill)

Loan Type

Mason County, WA Benchmarks

FHA averages

Typical Property Value$391,048

Average Down Payment8.6%

Average Interest Rate6.469%

Effective Tax Rate0.72%

Median Tax Paid$3,006/yr

Tax Growth (Historical)+2.9%

Based on 377 regional loans totaling $129,745,000 (HMDA database).

Home Price

Down Payment

$33,630 down · $357,418 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$235 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$152 / month

Estimated Monthly Payment

$2,828/mo

Principal & Interest$2,291
Property Tax$235
Home Insurance$150
FHA MIP$152

Amortization · Remaining Balance

Financed Loan Amount

$363,673

Total Interest

$461,263

Total of Payments

$824,936

*Includes financed FHA Upfront MIP of $6,255

Local Market Insights

Mason County FHA Mortgage Overview

Mason County homebuyers using FHA loans benefit from an accessible 8.60% down payment on a $391,048 property, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 91.40% loan-to-value ratio. This FHA option is ideal for those with sub-620 credit scores seeking owner-occupied homes. The 0.72% effective property tax rate, with a 2.9% inflation-adjusted increase, adds roughly $235 monthly to true costs. When evaluating an FHA loan with PMI and taxes in Mason County, WA, or analyzing FHA loan limits and tax impacts, note that the low entry point offsets the permanent MIP burden for primary residences.

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.