Worcester County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Worcester County, MD Benchmarks

FHA averages

Typical Property Value$386,235

Average Down Payment13.6%

Average Interest Rate6.306%

Effective Tax Rate0.73%

Median Tax Paid$2,738/yr

Tax Growth (Historical)+1.0%

Based on 170 regional loans totaling $49,240,000 (HMDA database).

Home Price

Down Payment

$52,528 down · $333,707 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

$235 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$141 / month

Estimated Monthly Payment

$2,630/mo

Principal & Interest$2,104
Property Tax$235
Home Insurance$150
FHA MIP$141

Amortization · Remaining Balance

Financed Loan Amount

$339,547

Total Interest

$417,863

Total of Payments

$757,410

*Includes financed FHA Upfront MIP of $5,840

Local Market Insights

Worcester County FHA Mortgage Overview

In Worcester County, the 13.58% average down payment on an FHA loan provides accessible entry despite requiring mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for buyers with sub-620 credit. The 86.42% loan-to-value (LTV) ratio confirms this is a lower-equity, owner-occupied market. With an effective property tax rate of 0.73% and a recent 1.0% inflation-adjusted increase, monthly affordability is modestly impacted. When evaluating an FHA loan with PMI and taxes in Worcester County, MD, or using an FHA mortgage tool with property taxes, remember that MIP cannot be cancelled. These Worcester County FHA loan limits and tax considerations highlight a stable, primary-residence market.

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.