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Cumberland County FHA Loan Calculator

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

Loan Details

Cumberland County, NC Benchmarks

FHA averages
Typical Property Value$247,355
Average Down Payment11.7%
Average Interest Rate6.341%
Effective Tax Rate0.87%
Median Tax Paid$1,850/yr
Tax Growth (Historical)-1.6%
Based on 1,227 regional loans totaling $258,275,000 (HMDA database).
$
%

$28,941 down · $218,414 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$179 / month

$

Annual premium

$

Per month

%

$93 / month

Estimated Monthly Payment

$1,803/mo

  • Principal & Interest$1,381
  • Property Tax$179
  • Home Insurance$150
  • FHA MIP$93
Amortization · Remaining Balance

Financed Loan Amount

$222,237

Total Interest

$275,062

Total of Payments

$497,298

*Includes financed FHA Upfront MIP of $3,822

Local Market Insights

Cumberland County FHA Mortgage Overview

In Cumberland County, the 11.71% average down payment on FHA loans provides accessible entry for owner-occupants, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of equity, ideal for sub-620 credit scores. The 88.29% Loan-to-Value ratio confirms this risk profile. The effective property tax rate of 0.87%, with a -1.6% inflation-adjusted change, slightly lowers monthly carrying costs. When evaluating an FHA loan down payment with PMI and taxes in Cumberland County, NC, or reviewing Cumberland County FHA loan limits and tax impacts, this data clarifies true affordability for primary residences.

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.