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Charles County FHA Loan Calculator

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

Loan Details

Charles County, MD Benchmarks

FHA averages
Typical Property Value$469,686
Average Down Payment7.3%
Average Interest Rate6.244%
Effective Tax Rate0.97%
Median Tax Paid$4,339/yr
Tax Growth (Historical)+0.7%
Based on 1,530 regional loans totaling $659,700,000 (HMDA database).
$
%

$34,287 down · $435,399 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$380 / month

$

Annual premium

$

Per month

%

$185 / month

Estimated Monthly Payment

$3,439/mo

  • Principal & Interest$2,725
  • Property Tax$380
  • Home Insurance$150
  • FHA MIP$185
Amortization · Remaining Balance

Financed Loan Amount

$443,018

Total Interest

$537,931

Total of Payments

$980,950

*Includes financed FHA Upfront MIP of $7,619

Local Market Insights

Charles County FHA Mortgage Overview

For Charles County homebuyers using an FHA loan, the 7.27% average down payment provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, even with this equity level. The 92.73% loan-to-value ratio confirms minimal cash outlay, ideal for those with sub-620 credit scores. The effective property tax rate of 0.97%, plus a 0.7% inflation-adjusted increase, adds roughly $45 monthly to true affordability. When evaluating an FHA loan with PMI and taxes in Charles County, MD, or using an FHA loan down payment analysis, these costs are critical. All data reflects 100% owner-occupied primary residences, not investment properties.

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.