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York County FHA Loan Calculator

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

Loan Details

York County, ME Benchmarks

FHA averages
Typical Property Value$431,154
Average Down Payment13.2%
Average Interest Rate6.188%
Effective Tax Rate0.89%
Median Tax Paid$3,787/yr
Tax Growth (Historical)-0.5%
Based on 598 regional loans totaling $215,710,000 (HMDA database).
$
%

$56,912 down · $374,242 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$320 / month

$

Annual premium

$

Per month

%

$159 / month

Estimated Monthly Payment

$2,958/mo

  • Principal & Interest$2,330
  • Property Tax$320
  • Home Insurance$150
  • FHA MIP$159
Amortization · Remaining Balance

Financed Loan Amount

$380,791

Total Interest

$457,921

Total of Payments

$838,712

*Includes financed FHA Upfront MIP of $6,549

Local Market Insights

York County FHA Mortgage Overview

For York County homebuyers, the 13.16% average down payment on FHA loans provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) is required for the life of the loan despite the equity built. With a high 86.84% loan-to-value ratio and 100% primary occupancy, this data reflects owner-occupants, not investors. The 0.89% effective property tax rate, coupled with a -0.5% inflation-adjusted tax decrease, slightly improves monthly affordability. When evaluating an FHA loan with PMI and taxes in York County, ME, or exploring FHA loan down payment options in York County, Maine, remember that property taxes and MIP are permanent costs here, unlike conventional loans where PMI eventually drops.

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.