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Hampshire County FHA Loan Calculator

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

Loan Details

Hampshire County, MA Benchmarks

FHA averages
Typical Property Value$393,743
Average Down Payment13.5%
Average Interest Rate6.279%
Effective Tax Rate1.36%
Median Tax Paid$5,589/yr
Tax Growth (Historical)+1.8%
Based on 167 regional loans totaling $54,055,000 (HMDA database).
$
%

$53,155 down · $340,588 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$446 / month

$

Annual premium

$

Per month

%

$144 / month

Estimated Monthly Payment

$2,881/mo

  • Principal & Interest$2,141
  • Property Tax$446
  • Home Insurance$150
  • FHA MIP$144
Amortization · Remaining Balance

Financed Loan Amount

$346,548

Total Interest

$424,040

Total of Payments

$770,588

*Includes financed FHA Upfront MIP of $5,960

Local Market Insights

Hampshire County FHA Mortgage Overview

For Hampshire County homebuyers, the FHA loan data reveals a market where accessibility is key. The 13.46% down payment provides a lower entry barrier, but the 86.54% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the loan's life, making this ideal for those with sub-620 credit. When evaluating an FHA mortgage with property taxes, the effective 1.36% tax rate and recent 1.8% inflation-adjusted increase add roughly $446 monthly to a $3,000 payment. With 100% primary occupancy, these figures reflect owner-occupants, not investors. Use an FHA loan down payment analysis in Hampshire County, MA, to see how MIP and taxes shape true affordability.

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.