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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, Maine based on real HMDA transaction records.

Loan Details

Washington County, ME Benchmarks

FHA averages
Typical Property Value$231,714
Average Down Payment14.8%
Average Interest Rate6.390%
Effective Tax Rate0.93%
Median Tax Paid$1,683/yr
Tax Growth (Historical)-1.3%
Based on 70 regional loans totaling $13,410,000 (HMDA database).
$
%

$34,294 down · $197,420 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$180 / month

$

Annual premium

$

Per month

%

$84 / month

Estimated Monthly Payment

$1,668/mo

  • Principal & Interest$1,255
  • Property Tax$180
  • Home Insurance$150
  • FHA MIP$84
Amortization · Remaining Balance

Financed Loan Amount

$200,875

Total Interest

$250,986

Total of Payments

$451,862

*Includes financed FHA Upfront MIP of $3,455

Local Market Insights

Washington County FHA Mortgage Overview

For Washington County homebuyers, the 14.83% average down payment on an FHA loan provides accessible entry, but note that Mortgage Insurance Premiums (MIP) are required for the life of the loan due to the 85.17% Loan-to-Value ratio—ideal for those with sub-620 credit. The effective property tax rate of 0.93% combined with a -1.3% inflation-adjusted tax shift slightly reduces true monthly affordability. When evaluating an FHA loan with PMI and taxes in Washington County, ME, this data confirms a stable, owner-occupied market (100% primary residence) where lower down payments offset the lifetime MIP cost.

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.