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Ketchikan Gateway Borough FHA Loan Calculator

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

Loan Details

Ketchikan Gateway Borough, AK Benchmarks

FHA averages
Typical Property Value$445,500
Average Down Payment9.0%
Average Interest Rate5.889%
Effective Tax Rate0.66%
Median Tax Paid$2,619/yr
Tax Growth (Historical)-1.8%
Based on 20 regional loans totaling $8,070,000 (HMDA database).
$
%

$40,095 down · $405,405 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$245 / month

$

Annual premium

$

Per month

%

$172 / month

Estimated Monthly Payment

$3,011/mo

  • Principal & Interest$2,444
  • Property Tax$245
  • Home Insurance$150
  • FHA MIP$172
Amortization · Remaining Balance

Financed Loan Amount

$412,500

Total Interest

$467,357

Total of Payments

$879,857

*Includes financed FHA Upfront MIP of $7,095

Local Market Insights

Ketchikan Gateway Borough FHA Mortgage Overview

In Ketchikan Gateway Borough, the typical FHA buyer puts down 9.02%, well below the 20% threshold. With a 90.98% LTV, mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, making this structure ideal for buyers with sub-620 credit seeking accessible entry. The effective property tax rate of 0.66% is moderate, and the recent -1.8% inflation-adjusted tax shift slightly improves monthly affordability. This data reflects 100% primary occupancy, meaning these are standard homebuyers, not investors. When evaluating an FHA loan with PMI and taxes in Ketchikan Gateway Borough, remember that down payment size does not eliminate MIP here, a key factor for your true cost analysis.

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.