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Hertford County FHA Loan Calculator

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

Loan Details

Hertford County, NC Benchmarks

FHA averages
Typical Property Value$196,591
Average Down Payment11.3%
Average Interest Rate6.548%
Effective Tax Rate0.86%
Median Tax Paid$1,168/yr
Tax Growth (Historical)+4.6%
Based on 44 regional loans totaling $7,470,000 (HMDA database).
$
%

$22,215 down · $174,376 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$141 / month

$

Annual premium

$

Per month

%

$74 / month

Estimated Monthly Payment

$1,492/mo

  • Principal & Interest$1,127
  • Property Tax$141
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$177,428

Total Interest

$228,402

Total of Payments

$405,830

*Includes financed FHA Upfront MIP of $3,052

Local Market Insights

Hertford County FHA Mortgage Overview

In Hertford County, an 11.25% down payment on an FHA loan with a $196,590 average property value provides accessible entry. However, with an 88.75% loan-to-value ratio, the mandatory Mortgage Insurance Premium (MIP) is required for the life of the loan, making it ideal for buyers with sub-620 credit scores seeking primary residences. The effective 0.86% property tax rate, adjusted upward by 4.6% for inflation, adds roughly $141 monthly to true affordability. For precise monthly costs including PMI and taxes on an FHA mortgage in Hertford County, North Carolina, consult a local lender to understand these loan limits.

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.