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Kenai Peninsula Borough FHA Loan Calculator

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

Loan Details

Kenai Peninsula Borough, AK Benchmarks

FHA averages
Typical Property Value$354,939
Average Down Payment9.1%
Average Interest Rate6.259%
Effective Tax Rate0.54%
Median Tax Paid$2,049/yr
Tax Growth (Historical)+0.7%
Based on 165 regional loans totaling $51,645,000 (HMDA database).
$
%

$32,299 down · $322,640 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$160 / month

$

Annual premium

$

Per month

%

$137 / month

Estimated Monthly Payment

$2,470/mo

  • Principal & Interest$2,023
  • Property Tax$160
  • Home Insurance$150
  • FHA MIP$137
Amortization · Remaining Balance

Financed Loan Amount

$328,286

Total Interest

$400,155

Total of Payments

$728,441

*Includes financed FHA Upfront MIP of $5,646

Local Market Insights

Kenai Peninsula Borough FHA Mortgage Overview

For Kenai Peninsula Borough homebuyers, the 9.05% average down payment on an FHA loan signals accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 90.95% Loan-to-Value ratio. This local FHA data, based on 100% owner-occupied purchases, shows lower upfront cash requirements ideal for those with sub-620 credit. The effective property tax rate of 0.54%, with a 0.7% inflation-adjusted increase, adds modest monthly cost. When evaluating an FHA loan down payment in Kenai Peninsula Borough, Alaska, remember that MIP and taxes are permanent fixtures of affordability, unlike conventional loans where equity can cancel PMI.

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.