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Montgomery County FHA Loan Calculator

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

Loan Details

Montgomery County, NC Benchmarks

FHA averages
Typical Property Value$277,083
Average Down Payment13.1%
Average Interest Rate6.270%
Effective Tax Rate0.58%
Median Tax Paid$1,037/yr
Tax Growth (Historical)-4.8%
Based on 72 regional loans totaling $16,760,000 (HMDA database).
$
%

$36,298 down · $240,785 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$134 / month

$

Annual premium

$

Per month

%

$102 / month

Estimated Monthly Payment

$1,898/mo

  • Principal & Interest$1,512
  • Property Tax$134
  • Home Insurance$150
  • FHA MIP$102
Amortization · Remaining Balance

Financed Loan Amount

$244,999

Total Interest

$299,209

Total of Payments

$544,208

*Includes financed FHA Upfront MIP of $4,214

Local Market Insights

Montgomery County FHA Mortgage Overview

For Montgomery County homebuyers utilizing an FHA loan, the 13.05% down payment on a $277,083 property provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan due to the high 86.95% loan-to-value ratio—ideal for those with sub-620 credit scores. The effective property tax rate of 0.58%, coupled with a -4.8% inflation-adjusted tax decrease, lowers true monthly affordability. When evaluating an FHA loan with PMI and taxes in Montgomery County, NC, these tax savings partially offset the permanent MIP cost, making this owner-occupied market stable for primary residence buyers.

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.