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Aroostook County FHA Loan Calculator

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

Loan Details

Aroostook County, ME Benchmarks

FHA averages
Typical Property Value$184,706
Average Down Payment13.6%
Average Interest Rate6.323%
Effective Tax Rate1.06%
Median Tax Paid$1,672/yr
Tax Growth (Historical)+0.7%
Based on 136 regional loans totaling $21,320,000 (HMDA database).
$
%

$25,120 down · $159,586 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$163 / month

$

Annual premium

$

Per month

%

$68 / month

Estimated Monthly Payment

$1,388/mo

  • Principal & Interest$1,007
  • Property Tax$163
  • Home Insurance$150
  • FHA MIP$68
Amortization · Remaining Balance

Financed Loan Amount

$162,379

Total Interest

$200,213

Total of Payments

$362,591

*Includes financed FHA Upfront MIP of $2,793

Local Market Insights

Aroostook County FHA Mortgage Overview

In Aroostook County, the 13.63% average down payment on an FHA loan provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life despite this equity. With an 86.37% loan-to-value ratio and 100% primary occupancy, buyers using an FHA loan calculator with PMI and taxes in Aroostook County, ME must factor this into monthly costs. The 1.06% effective property tax rate, with a 0.7% inflation-adjusted increase, adds to affordability pressure. For those exploring an FHA loan down payment calculator in Aroostook County, Maine, this data highlights that the low barrier to entry is offset by permanent MIP and rising tax burdens.

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.