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Oxford County FHA Loan Calculator

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

Loan Details

Oxford County, ME Benchmarks

FHA averages
Typical Property Value$272,491
Average Down Payment11.0%
Average Interest Rate6.251%
Effective Tax Rate0.87%
Median Tax Paid$2,162/yr
Tax Growth (Historical)-0.3%
Based on 283 regional loans totaling $67,725,000 (HMDA database).
$
%

$29,974 down · $242,517 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$198 / month

$

Annual premium

$

Per month

%

$103 / month

Estimated Monthly Payment

$1,970/mo

  • Principal & Interest$1,519
  • Property Tax$198
  • Home Insurance$150
  • FHA MIP$103
Amortization · Remaining Balance

Financed Loan Amount

$246,761

Total Interest

$300,205

Total of Payments

$546,966

*Includes financed FHA Upfront MIP of $4,244

Local Market Insights

Oxford County FHA Mortgage Overview

For Oxford County homebuyers using an FHA loan, the 11.03% down payment offers accessible entry, but note that FHA Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of this equity level. With an 88.97% Loan-to-Value ratio and 100% owner-occupied purchases, this data reflects standard buyers, not investors. The effective property tax rate of 0.87% adds roughly $198 monthly to a $272,491 home, though the recent -0.3% inflation-adjusted tax shift provides slight relief. Understanding Oxford County FHA loan limits and property taxes is crucial for accurate monthly budgeting, especially when considering an FHA loan down payment in Oxford County, Maine.

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.