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Washington County FHA Loan Calculator

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

Loan Details

Washington County, MD Benchmarks

FHA averages
Typical Property Value$325,506
Average Down Payment10.1%
Average Interest Rate6.331%
Effective Tax Rate0.81%
Median Tax Paid$2,481/yr
Tax Growth (Historical)-1.5%
Based on 810 regional loans totaling $230,950,000 (HMDA database).
$
%

$32,876 down · $292,630 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$220 / month

$

Annual premium

$

Per month

%

$124 / month

Estimated Monthly Payment

$2,343/mo

  • Principal & Interest$1,849
  • Property Tax$220
  • Home Insurance$150
  • FHA MIP$124
Amortization · Remaining Balance

Financed Loan Amount

$297,751

Total Interest

$367,826

Total of Payments

$665,577

*Includes financed FHA Upfront MIP of $5,121

Local Market Insights

Washington County FHA Mortgage Overview

In Washington County, the typical FHA homebuyer puts down 10.07% on a $325,506 property, offering accessible entry. However, with a high 89.93% loan-to-value ratio, FHA’s mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life, a key factor for those with sub-620 credit scores. The 0.81% property tax rate is manageable, and the recent -1.5% inflation-adjusted tax shift slightly reduces monthly burden. When evaluating an FHA loan with PMI and taxes in Washington County, MD, remember MIP is permanent, unlike conventional loans. For those exploring FHA loan limits and tax impacts here, this data reflects 100% owner-occupied purchases, not investments.

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.