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Fairbanks North Star Borough FHA Loan Calculator

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

Loan Details

Fairbanks North Star Borough, AK Benchmarks

FHA averages
Typical Property Value$340,749
Average Down Payment7.1%
Average Interest Rate6.264%
Effective Tax Rate1.11%
Median Tax Paid$3,550/yr
Tax Growth (Historical)-3.5%
Based on 207 regional loans totaling $64,465,000 (HMDA database).
$
%

$24,193 down · $316,556 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$315 / month

$

Annual premium

$

Per month

%

$134 / month

Estimated Monthly Payment

$2,585/mo

  • Principal & Interest$1,985
  • Property Tax$315
  • Home Insurance$150
  • FHA MIP$134
Amortization · Remaining Balance

Financed Loan Amount

$322,096

Total Interest

$392,610

Total of Payments

$714,705

*Includes financed FHA Upfront MIP of $5,540

Local Market Insights

Fairbanks North Star Borough FHA Mortgage Overview

Fairbanks North Star Borough FHA buyers benefit from a low 7.14% down payment on an average property value of $340,749, making entry accessible. However, with a 92.86% LTV, mandatory MIP applies for the loan’s life, a key factor when using an FHA loan calculator with PMI and taxes. The effective 1.11% property tax rate is offset by a -3.5% inflation-adjusted tax shift, improving true monthly affordability. This data reflects 100% owner-occupied purchases, ideal for those seeking an FHA loan down payment assessment in Fairbanks North Star Borough, Alaska, though the 6.264% interest rate demands careful budgeting.

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.