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Lenoir County FHA Loan Calculator

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

Loan Details

Lenoir County, NC Benchmarks

FHA averages
Typical Property Value$225,400
Average Down Payment9.8%
Average Interest Rate6.318%
Effective Tax Rate0.74%
Median Tax Paid$1,015/yr
Tax Growth (Historical)0.0%
Based on 226 regional loans totaling $44,730,000 (HMDA database).
$
%

$22,089 down · $203,311 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$139 / month

$

Annual premium

$

Per month

%

$86 / month

Estimated Monthly Payment

$1,658/mo

  • Principal & Interest$1,283
  • Property Tax$139
  • Home Insurance$150
  • FHA MIP$86
Amortization · Remaining Balance

Financed Loan Amount

$206,869

Total Interest

$255,069

Total of Payments

$461,937

*Includes financed FHA Upfront MIP of $3,558

Local Market Insights

Lenoir County FHA Mortgage Overview

For Lenoir County homebuyers using an FHA loan, the 9.85% down payment on a $225,400 property provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan due to the 90.15% loan-to-value (LTV) ratio. This structure is ideal for buyers with sub-620 credit scores seeking owner-occupied primary residences. The effective property tax rate of 0.74% adds roughly $139 monthly to true affordability, while the 0.0% inflation-adjusted tax change offers stable long-term cost predictability. When evaluating an FHA loan with PMI and taxes in Lenoir County, NC, this data indicates lower upfront cash needs but higher recurring costs than conventional financing.

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.