Merced County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Merced County, California based on real HMDA transaction records.

Loan Details

US County (Smart Autofill)

Loan Type

Merced County, CA Benchmarks

FHA averages

Typical Property Value$423,618

Average Down Payment7.9%

Average Interest Rate6.025%

Effective Tax Rate0.67%

Median Tax Paid$2,634/yr

Tax Growth (Historical)+2.7%

Based on 1,108 regional loans totaling $424,530,000 (HMDA database).

Home Price

Down Payment

$33,466 down · $390,152 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

$237 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$165 / month

Estimated Monthly Payment

$2,940/mo

Principal & Interest$2,388
Property Tax$237
Home Insurance$150
FHA MIP$165

Amortization · Remaining Balance

Financed Loan Amount

$396,980

Total Interest

$462,613

Total of Payments

$859,592

*Includes financed FHA Upfront MIP of $6,828

Local Market Insights

Merced County FHA Mortgage Overview

For Merced County homebuyers using an FHA loan, the 7.87% weighted average down payment provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—a key factor when considering an FHA loan calculator with PMI and taxes in Merced County, CA. The 92.13% median LTV ratio confirms this is a high-leverage market for primary residences. With an effective property tax rate of 0.67% and a 2.7% inflation-adjusted tax increase, monthly affordability is squeezed. When evaluating an FHA loan down payment calculator in Merced County, California, remember that MIP never drops, making this ideal for buyers with sub-620 credit scores seeking stable occupancy.

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.