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Durham County FHA Loan Calculator

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

Loan Details

Durham County, NC Benchmarks

FHA averages
Typical Property Value$385,428
Average Down Payment13.5%
Average Interest Rate5.823%
Effective Tax Rate0.81%
Median Tax Paid$3,092/yr
Tax Growth (Historical)+1.6%
Based on 819 regional loans totaling $263,715,000 (HMDA database).
$
%

$52,033 down · $333,395 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$260 / month

$

Annual premium

$

Per month

%

$141 / month

Estimated Monthly Payment

$2,546/mo

  • Principal & Interest$1,995
  • Property Tax$260
  • Home Insurance$150
  • FHA MIP$141
Amortization · Remaining Balance

Financed Loan Amount

$339,230

Total Interest

$378,885

Total of Payments

$718,115

*Includes financed FHA Upfront MIP of $5,834

Local Market Insights

Durham County FHA Mortgage Overview

Durham County homebuyers using FHA financing put down a weighted average of 13.51%, which is well above the 3.5% minimum. This higher equity stake lowers risk, but mandatory Mortgage Insurance Premiums (MIP) remain for the loan’s life due to the 86.49% Loan-to-Value (LTV) ratio. With a 100% owner-occupancy rate, this data reflects standard homebuyers. The effective 0.81% property tax rate, adjusted upward by 1.6% for inflation, adds roughly $260/month to a $385,428 property. When evaluating an FHA loan with PMI and taxes in Durham County, NC, or checking FHA loan limits and tax impacts, remember that MIP is permanent, making this path ideal for those with sub-620 credit scores seeking accessible entry.

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.