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Lee County FHA Loan Calculator

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

Loan Details

Lee County, NC Benchmarks

FHA averages
Typical Property Value$309,731
Average Down Payment8.7%
Average Interest Rate5.867%
Effective Tax Rate0.76%
Median Tax Paid$1,785/yr
Tax Growth (Historical)+1.4%
Based on 391 regional loans totaling $108,395,000 (HMDA database).
$
%

$26,947 down · $282,784 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$196 / month

$

Annual premium

$

Per month

%

$120 / month

Estimated Monthly Payment

$2,167/mo

  • Principal & Interest$1,701
  • Property Tax$196
  • Home Insurance$150
  • FHA MIP$120
Amortization · Remaining Balance

Financed Loan Amount

$287,733

Total Interest

$324,674

Total of Payments

$612,407

*Includes financed FHA Upfront MIP of $4,949

Local Market Insights

Lee County FHA Mortgage Overview

For Lee County homebuyers using an FHA loan, the 8.68% down payment on a $309,731 average property offers accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan due to the 91.32% loan-to-value ratio. This makes it ideal for those with sub-620 credit scores seeking an FHA loan down payment path in Lee County, NC. The effective property tax rate of 0.76% and a 1.4% inflation-adjusted tax increase add roughly $30 monthly to true affordability. When evaluating an FHA loan with PMI and taxes in Lee County, remember MIP never drops, unlike conventional loans. All data reflects 100% primary occupancy, not investment properties.

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.