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Palm Beach County FHA Loan Calculator

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

Loan Details

Palm Beach County, FL Benchmarks

FHA averages
Typical Property Value$462,625
Average Down Payment10.9%
Average Interest Rate6.175%
Effective Tax Rate0.82%
Median Tax Paid$3,858/yr
Tax Growth (Historical)+4.0%
Based on 4,372 regional loans totaling $1,738,060,000 (HMDA database).
$
%

$50,426 down · $412,199 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$316 / month

$

Annual premium

$

Per month

%

$175 / month

Estimated Monthly Payment

$3,201/mo

  • Principal & Interest$2,561
  • Property Tax$316
  • Home Insurance$150
  • FHA MIP$175
Amortization · Remaining Balance

Financed Loan Amount

$419,412

Total Interest

$502,408

Total of Payments

$921,820

*Includes financed FHA Upfront MIP of $7,213

Local Market Insights

Palm Beach County FHA Mortgage Overview

In Palm Beach County, the FHA loan data reveals a market designed for accessible entry. The 10.89% weighted average down payment, while higher than the FHA minimum, still allows buyers to secure a median property valued at $462,625 with a high 89.11% loan-to-value ratio. Crucially, this FHA structure mandates mortgage insurance premiums (MIP) for the loan’s life regardless of equity, making it ideal for those with sub-620 credit profiles. The 0.82% effective property tax rate, adjusted upward by 4.0% for inflation, adds a significant monthly cost. For accurate budgeting, homebuyers should evaluate an FHA loan with PMI and taxes in Palm Beach County, FL, understanding that the true monthly affordability hinges on this combined tax and MIP burden.

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.