Talbot County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Talbot County, MD Benchmarks

FHA averages

Typical Property Value$391,915

Average Down Payment10.6%

Average Interest Rate6.310%

Effective Tax Rate0.56%

Median Tax Paid$2,647/yr

Tax Growth (Historical)-2.1%

Based on 94 regional loans totaling $31,560,000 (HMDA database).

Home Price

Down Payment

$41,543 down · $350,372 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$183 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$149 / month

Estimated Monthly Payment

$2,690/mo

Principal & Interest$2,209
Property Tax$183
Home Insurance$150
FHA MIP$149

Amortization · Remaining Balance

Financed Loan Amount

$356,504

Total Interest

$438,731

Total of Payments

$795,234

*Includes financed FHA Upfront MIP of $6,132

Local Market Insights

Talbot County FHA Mortgage Overview

In Talbot County, the FHA loan route remains highly accessible, with a 10.57% down payment on an average $391,915 property. This low entry point, however, mandates Mortgage Insurance Premiums (MIP) for the life of the loan, a key factor when using an FHA loan calculator with PMI and taxes. The 89.43% loan-to-value ratio confirms buyers are financing most of the purchase for primary residences. Property taxes are manageable at 0.56%, and the recent -2.1% inflation-adjusted tax shift slightly lowers the true monthly burden. For those exploring an FHA loan down payment calculator in Talbot County, Maryland, the 6.31% interest rate combined with permanent MIP makes this ideal for buyers with sub-620 credit seeking stable owner-occupied financing.

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.