Norfolk County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Norfolk County, MA Benchmarks

FHA averages

Typical Property Value$665,272

Average Down Payment14.6%

Average Interest Rate6.219%

Effective Tax Rate1.02%

Median Tax Paid$7,261/yr

Tax Growth (Historical)-0.5%

Based on 662 regional loans totaling $361,910,000 (HMDA database).

Home Price

Down Payment

$97,130 down · $568,142 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

$565 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$241 / month

Estimated Monthly Payment

$4,504/mo

Principal & Interest$3,548
Property Tax$565
Home Insurance$150
FHA MIP$241

Amortization · Remaining Balance

Financed Loan Amount

$578,085

Total Interest

$699,230

Total of Payments

$1,277,314

*Includes financed FHA Upfront MIP of $9,942

Local Market Insights

Norfolk County FHA Mortgage Overview

In Norfolk County, the 14.64% average down payment on an FHA loan provides accessible entry despite mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, ideal for buyers with sub-620 credit. The 85.36% loan-to-value ratio confirms this is a primary occupancy market, not investment property. With a 6.219% interest rate and a 1.02% effective property tax rate, monthly affordability is slightly improved by the recent -0.5% inflation-adjusted tax shift. For precise monthly costs including PMI and taxes, explore an FHA loan calculator with PMI and taxes in Norfolk County, MA. Note that FHA loan limits apply, making this a key factor for any Norfolk County FHA mortgage calculator with property taxes.

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.