Prince of Wales-Hyder 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 Prince of Wales-Hyder Census Area, Alaska based on real HMDA transaction records.

Loan Details

US County (Smart Autofill)

Loan Type

Prince of Wales-Hyder Census Area, AK Benchmarks

FHA averages

Typical Property Value$307,000

Average Down Payment13.6%

Average Interest Rate6.448%

Effective Tax Rate0.09%

Median Tax Paid$1,139/yr

Tax Growth (Historical)+5.9%

Based on 5 regional loans totaling $1,275,000 (HMDA database).

Home Price

Down Payment

$41,752 down · $265,248 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

$23 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$112 / month

Estimated Monthly Payment

$1,983/mo

Principal & Interest$1,697
Property Tax$23
Home Insurance$150
FHA MIP$112

Amortization · Remaining Balance

Financed Loan Amount

$269,890

Total Interest

$341,038

Total of Payments

$610,928

*Includes financed FHA Upfront MIP of $4,642

Local Market Insights

Prince of Wales-Hyder Census Area FHA Mortgage Overview

In Prince of Wales-Hyder Census Area, the 13.64% average down payment on an FHA loan provides accessible entry for buyers, particularly those with sub-620 credit scores. However, with a median LTV of 86.36%, mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan, regardless of equity buildup. The effective property tax rate is a remarkably low 0.09%, but the recent 5.9% inflation-adjusted tax shift will modestly increase monthly affordability pressures. This data, reflecting 100% primary occupancy, confirms a market where FHA loan limits and property taxes favor owner-occupants seeking lower upfront costs despite permanent MIP.

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.