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Guilford County FHA Loan Calculator

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

Loan Details

Guilford County, NC Benchmarks

FHA averages
Typical Property Value$298,461
Average Down Payment11.3%
Average Interest Rate6.196%
Effective Tax Rate0.83%
Median Tax Paid$2,174/yr
Tax Growth (Historical)+1.6%
Based on 1,983 regional loans totaling $509,165,000 (HMDA database).
$
%

$33,726 down · $264,735 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$206 / month

$

Annual premium

$

Per month

%

$112 / month

Estimated Monthly Payment

$2,118/mo

  • Principal & Interest$1,650
  • Property Tax$206
  • Home Insurance$150
  • FHA MIP$112
Amortization · Remaining Balance

Financed Loan Amount

$269,368

Total Interest

$324,558

Total of Payments

$593,926

*Includes financed FHA Upfront MIP of $4,633

Local Market Insights

Guilford County FHA Mortgage Overview

For Guilford County homebuyers utilizing an FHA loan, the 11.29% average down payment provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 88.71% loan-to-value ratio. This structure is ideal for those with sub-620 credit scores seeking primary residences. The effective tax rate of 0.83%, with a 1.6% inflation-adjusted increase, adds roughly $206 annually to monthly costs. When evaluating an FHA loan with PMI and taxes in Guilford County, NC, or assessing FHA loan limits, factor this MIP permanence into affordability projections.

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.