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St. Mary's County FHA Loan Calculator

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

Loan Details

St. Mary's County, MD Benchmarks

FHA averages
Typical Property Value$384,368
Average Down Payment10.5%
Average Interest Rate6.289%
Effective Tax Rate0.77%
Median Tax Paid$3,424/yr
Tax Growth (Historical)-2.1%
Based on 380 regional loans totaling $128,290,000 (HMDA database).
$
%

$40,359 down · $344,009 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$247 / month

$

Annual premium

$

Per month

%

$146 / month

Estimated Monthly Payment

$2,707/mo

  • Principal & Interest$2,164
  • Property Tax$247
  • Home Insurance$150
  • FHA MIP$146
Amortization · Remaining Balance

Financed Loan Amount

$350,030

Total Interest

$429,121

Total of Payments

$779,150

*Includes financed FHA Upfront MIP of $6,020

Local Market Insights

St. Mary's County FHA Mortgage Overview

For St. Mary's County homebuyers using an FHA loan, the 10.46% average down payment and 89.54% loan-to-value ratio provide accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, even with this equity. The effective property tax rate of 0.77% adds $247 monthly on a $384,368 average property, though the -2.1% inflation-adjusted tax shift slightly eases this burden. This data, reflecting 100% primary residences, confirms the market suits buyers seeking an FHA loan with PMI and taxes in St. Mary's County, MD, where FHA loan limits align with local affordability.

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.