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Cecil County FHA Loan Calculator

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

Loan Details

Cecil County, MD Benchmarks

FHA averages
Typical Property Value$361,889
Average Down Payment10.5%
Average Interest Rate6.237%
Effective Tax Rate0.86%
Median Tax Paid$3,068/yr
Tax Growth (Historical)-2.7%
Based on 450 regional loans totaling $141,910,000 (HMDA database).
$
%

$37,998 down · $323,891 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$259 / month

$

Annual premium

$

Per month

%

$137 / month

Estimated Monthly Payment

$2,574/mo

  • Principal & Interest$2,027
  • Property Tax$259
  • Home Insurance$150
  • FHA MIP$137
Amortization · Remaining Balance

Financed Loan Amount

$329,559

Total Interest

$400,164

Total of Payments

$729,723

*Includes financed FHA Upfront MIP of $5,668

Local Market Insights

Cecil County FHA Mortgage Overview

For Cecil County homebuyers, the 10.50% FHA down payment on a $361,889 property provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of equity. The 89.50% loan-to-value (LTV) ratio confirms this is a standard owner-occupied market, not investment properties. The effective property tax rate of 0.86% is moderate, and the recent -2.7% inflation-adjusted tax change offers slight relief on monthly affordability. When evaluating an FHA loan calculator with PMI and taxes in Cecil County, MD, remember the tax shift reduces your total monthly outlay. This data is ideal for those using an FHA loan down payment calculator in Cecil County, Maryland, as sub-620 credit profiles are common here.

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.