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Carroll County FHA Loan Calculator

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

Loan Details

Carroll County, MD Benchmarks

FHA averages
Typical Property Value$457,259
Average Down Payment12.4%
Average Interest Rate6.240%
Effective Tax Rate0.87%
Median Tax Paid$3,934/yr
Tax Growth (Historical)-0.5%
Based on 478 regional loans totaling $187,380,000 (HMDA database).
$
%

$56,700 down · $400,559 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$332 / month

$

Annual premium

$

Per month

%

$170 / month

Estimated Monthly Payment

$3,158/mo

  • Principal & Interest$2,507
  • Property Tax$332
  • Home Insurance$150
  • FHA MIP$170
Amortization · Remaining Balance

Financed Loan Amount

$407,569

Total Interest

$494,887

Total of Payments

$902,455

*Includes financed FHA Upfront MIP of $7,010

Local Market Insights

Carroll County FHA Mortgage Overview

In Carroll County, the 12.38% average down payment on an FHA loan provides accessible entry for primary residence buyers, but the 87.62% Loan-to-Value ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan. This is ideal for buyers with a sub-620 credit score seeking a Carroll County FHA mortgage with property taxes. The effective tax rate of 0.87% on the $457,259 average property value, combined with a -0.5% inflation-adjusted tax change, slightly improves monthly affordability. For a full breakdown of Carroll County FHA loan limits and tax impacts, consider an FHA loan down payment analysis in Carroll County, Maryland.

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.