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Suffolk County FHA Loan Calculator

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

Loan Details

Suffolk County, MA Benchmarks

FHA averages
Typical Property Value$813,623
Average Down Payment14.6%
Average Interest Rate6.132%
Effective Tax Rate0.69%
Median Tax Paid$4,649/yr
Tax Growth (Historical)-0.5%
Based on 443 regional loans totaling $291,285,000 (HMDA database).
$
%

$118,789 down · $694,834 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$468 / month

$

Annual premium

$

Per month

%

$295 / month

Estimated Monthly Payment

$5,210/mo

  • Principal & Interest$4,298
  • Property Tax$468
  • Home Insurance$150
  • FHA MIP$295
Amortization · Remaining Balance

Financed Loan Amount

$706,994

Total Interest

$840,306

Total of Payments

$1,547,299

*Includes financed FHA Upfront MIP of $12,160

Local Market Insights

Suffolk County FHA Mortgage Overview

For Suffolk County homebuyers, the 14.55% average down payment on an FHA loan highlights an accessible entry point despite elevated property values near $814,000. However, with an 85.45% Loan-to-Value ratio, the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life—ideal for those with sub-620 credit seeking primary residences. The 0.69% effective tax rate, coupled with a -0.5% inflation-adjusted decrease, slightly eases monthly carrying costs. When evaluating an FHA loan with PMI and taxes in Suffolk County, MA, these factors directly influence true affordability, especially given the area’s loan limits.

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.