Carteret County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Carteret County, NC Benchmarks

FHA averages

Typical Property Value$326,129

Average Down Payment16.8%

Average Interest Rate6.243%

Effective Tax Rate0.44%

Median Tax Paid$1,423/yr

Tax Growth (Historical)+0.8%

Based on 187 regional loans totaling $46,415,000 (HMDA database).

Home Price

Down Payment

$54,790 down · $271,339 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$120 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$115 / month

Estimated Monthly Payment

$2,083/mo

Principal & Interest$1,698
Property Tax$120
Home Insurance$150
FHA MIP$115

Amortization · Remaining Balance

Financed Loan Amount

$276,088

Total Interest

$335,237

Total of Payments

$611,325

*Includes financed FHA Upfront MIP of $4,748

Local Market Insights

Carteret County FHA Mortgage Overview

In Carteret County, the 16.80% average down payment on an FHA loan provides accessible entry, but the 83.20% LTV means mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life, even with this equity. This structure suits buyers with sub-620 credit. The 0.44% property tax rate, with a 0.8% inflation-adjusted increase, keeps monthly costs manageable for primary residences. For those evaluating an FHA loan with PMI and taxes in Carteret County, NC, this data confirms stable affordability.

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.