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Naugatuck Valley Planning Region FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Naugatuck Valley Planning Region, Connecticut based on real HMDA transaction records.

Loan Details

Naugatuck Valley Planning Region, CT Benchmarks

FHA averages
Typical Property Value$372,700
Average Down Payment11.8%
Average Interest Rate6.299%
Effective Tax Rate1.71%
Median Tax Paid$5,983/yr
Tax Growth (Historical)-2.1%
Based on 1,615 regional loans totaling $514,535,000 (HMDA database).
$
%

$43,979 down · $328,721 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$531 / month

$

Annual premium

$

Per month

%

$139 / month

Estimated Monthly Payment

$2,891/mo

  • Principal & Interest$2,070
  • Property Tax$531
  • Home Insurance$150
  • FHA MIP$139
Amortization · Remaining Balance

Financed Loan Amount

$334,474

Total Interest

$410,835

Total of Payments

$745,309

*Includes financed FHA Upfront MIP of $5,753

Local Market Insights

Naugatuck Valley Planning Region FHA Mortgage Overview

For Naugatuck Valley Planning Region homebuyers, the 11.80% weighted average down payment on an FHA loan provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for those with a sub-620 credit score. With an 88.20% median loan-to-value ratio and 100% primary occupancy, this market reflects standard owner-occupied purchases. The 1.71% effective property tax rate, combined with a -2.1% inflation-adjusted tax change, slightly eases monthly affordability. When evaluating an FHA loan with PMI and taxes, the $372,699.94 average property value and 6.299% interest rate create a clear financial picture for borrowers seeking FHA loan limits in this Connecticut region.

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.