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Chugach Census Area FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Chugach Census Area, Alaska based on real HMDA transaction records.

Loan Details

Chugach Census Area, AK Benchmarks

FHA averages
Typical Property Value$395,588
Average Down Payment6.3%
Average Interest Rate6.522%
Effective Tax Rate0.91%
Median Tax Paid$3,379/yr
Tax Growth (Historical)+8.1%
Based on 17 regional loans totaling $6,175,000 (HMDA database).
$
%

$24,922 down · $370,666 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$300 / month

$

Annual premium

$

Per month

%

$157 / month

Estimated Monthly Payment

$2,996/mo

  • Principal & Interest$2,389
  • Property Tax$300
  • Home Insurance$150
  • FHA MIP$157
Amortization · Remaining Balance

Financed Loan Amount

$377,153

Total Interest

$482,824

Total of Payments

$859,977

*Includes financed FHA Upfront MIP of $6,487

Local Market Insights

Chugach Census Area FHA Mortgage Overview

For Chugach Census Area homebuyers, the 6.29% average down payment on FHA loans provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) remain for the loan's life, a key consideration when evaluating an FHA loan with PMI and taxes. The 93.71% median loan-to-value (LTV) ratio confirms this is a high-leverage, owner-occupied market (100% primary residency). With a 0.91% effective property tax rate and an 8.1% inflation-adjusted tax increase, monthly affordability is pressured. Given the average property value of $395,588.24 and a 6.522% interest rate, buyers should model these costs when reviewing Chugach Census Area FHA loan limits and tax impacts. 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.