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Nantucket County FHA Loan Calculator

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

Loan Details

Nantucket County, MA Benchmarks

FHA averages
Typical Property Value$1,105,000
Average Down Payment3.5%
Average Interest Rate5.625%
Effective Tax Rate0.27%
Median Tax Paid$3,974/yr
Tax Growth (Historical)+29.1%
Based on 1 regional loans totaling $1,085,000 (HMDA database).
$
%

$38,675 down · $1,066,325 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$249 / month

$

Annual premium

$

Per month

%

$497 / month

Estimated Monthly Payment

$7,145/mo

  • Principal & Interest$6,249
  • Property Tax$249
  • Home Insurance$150
  • FHA MIP$497
Amortization · Remaining Balance

Financed Loan Amount

$1,084,986

Total Interest

$1,164,732

Total of Payments

$2,249,717

*Includes financed FHA Upfront MIP of $18,661

Local Market Insights

Nantucket County FHA Mortgage Overview

In Nantucket County, the FHA loan’s 3.50% down payment offers accessible entry, but with a 96.50% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) last the loan’s life—ideal for sub-620 credit buyers. The 0.27% property tax rate is low, yet the 29.1% inflation-adjusted tax increase significantly impacts true monthly affordability for primary residences. When evaluating an FHA loan with PMI and taxes in Nantucket County, MA, or an FHA loan down payment in Nantucket County, Massachusetts, this tax shift must be factored into total housing costs. The 100% owner-occupancy rate confirms this data reflects standard homebuyers, not investors.

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.