Craven County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Craven County, NC Benchmarks

FHA averages

Typical Property Value$284,409

Average Down Payment11.9%

Average Interest Rate6.186%

Effective Tax Rate0.65%

Median Tax Paid$1,450/yr

Tax Growth (Historical)+2.5%

Based on 406 regional loans totaling $97,330,000 (HMDA database).

Home Price

Down Payment

$33,845 down · $250,564 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

$154 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$106 / month

Estimated Monthly Payment

$1,970/mo

Principal & Interest$1,560
Property Tax$154
Home Insurance$150
FHA MIP$106

Amortization · Remaining Balance

Financed Loan Amount

$254,949

Total Interest

$306,590

Total of Payments

$561,539

*Includes financed FHA Upfront MIP of $4,385

Local Market Insights

Craven County FHA Mortgage Overview

Craven County FHA buyers leverage an 11.89% down payment, which is lower than the conventional 20% threshold. This accessibility comes with mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, ideal for those with sub-620 credit scores. The 88.11% loan-to-value ratio confirms minimal equity, so an FHA loan calculator with PMI and taxes in Craven County, NC must include this permanent MIP cost. The 0.65% effective tax rate and 2.5% inflation-adjusted increase add roughly $61 monthly to a $284,409 property, directly impacting true affordability. All data reflects 100% primary residences, not investments.

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.