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Alamance County FHA Loan Calculator

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

Loan Details

Alamance County, NC Benchmarks

FHA averages
Typical Property Value$313,554
Average Down Payment9.5%
Average Interest Rate5.979%
Effective Tax Rate0.66%
Median Tax Paid$1,494/yr
Tax Growth (Historical)+0.6%
Based on 1,044 regional loans totaling $290,580,000 (HMDA database).
$
%

$29,788 down · $283,766 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$172 / month

$

Annual premium

$

Per month

%

$120 / month

Estimated Monthly Payment

$2,170/mo

  • Principal & Interest$1,727
  • Property Tax$172
  • Home Insurance$150
  • FHA MIP$120
Amortization · Remaining Balance

Financed Loan Amount

$288,732

Total Interest

$333,126

Total of Payments

$621,859

*Includes financed FHA Upfront MIP of $4,966

Local Market Insights

Alamance County FHA Mortgage Overview

For Alamance County homebuyers, the 9.46% weighted average down payment on FHA loans provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life due to the 90.54% Loan-to-Value ratio. This structure is ideal for those with sub-620 credit scores seeking owner-occupied financing. The effective property tax rate of 0.66%, coupled with a 0.6% inflation-adjusted tax increase, modestly impacts monthly affordability. When evaluating an FHA loan down payment in Alamance County, North Carolina, consider how these tax and MIP costs shape your true housing expense, especially given local loan limits.

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.