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Frederick County FHA Loan Calculator

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

Loan Details

Frederick County, MD Benchmarks

FHA averages
Typical Property Value$492,199
Average Down Payment9.7%
Average Interest Rate6.213%
Effective Tax Rate0.94%
Median Tax Paid$4,584/yr
Tax Growth (Historical)-0.4%
Based on 997 regional loans totaling $438,055,000 (HMDA database).
$
%

$47,743 down · $444,456 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$386 / month

$

Annual premium

$

Per month

%

$188 / month

Estimated Monthly Payment

$3,497/mo

  • Principal & Interest$2,773
  • Property Tax$386
  • Home Insurance$150
  • FHA MIP$188
Amortization · Remaining Balance

Financed Loan Amount

$452,234

Total Interest

$545,948

Total of Payments

$998,181

*Includes financed FHA Upfront MIP of $7,778

Local Market Insights

Frederick County FHA Mortgage Overview

In Frederick County, the average FHA homebuyer leverages a 9.72% down payment on a $492,199 property, offering accessible entry with a 90.28% LTV. This low down payment triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, a key consideration for those with sub-620 credit. The 0.94% property tax rate, recently adjusted -0.4% for inflation, provides slight monthly relief. For a complete affordability picture of an FHA loan with PMI and taxes in Frederick County, MD, these factors are critical. This data reflects 100% owner-occupied purchases.

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.