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Person County FHA Loan Calculator

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

Loan Details

Person County, NC Benchmarks

FHA averages
Typical Property Value$279,470
Average Down Payment11.7%
Average Interest Rate6.368%
Effective Tax Rate0.68%
Median Tax Paid$1,328/yr
Tax Growth (Historical)0.0%
Based on 217 regional loans totaling $52,445,000 (HMDA database).
$
%

$32,698 down · $246,772 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$158 / month

$

Annual premium

$

Per month

%

$105 / month

Estimated Monthly Payment

$1,979/mo

  • Principal & Interest$1,566
  • Property Tax$158
  • Home Insurance$150
  • FHA MIP$105
Amortization · Remaining Balance

Financed Loan Amount

$251,091

Total Interest

$312,546

Total of Payments

$563,637

*Includes financed FHA Upfront MIP of $4,319

Local Market Insights

Person County FHA Mortgage Overview

For Person County homebuyers using an FHA loan, the 11.65% weighted average down payment on a $279,470 property provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—unlike conventional loans. With the 88.35% Loan-to-Value ratio and 100% owner-occupancy, this data reflects standard buyers. The 6.368% interest rate and 0.68% effective property tax rate, unchanged after inflation, keep monthly costs stable. An FHA loan down payment analysis in Person County, North Carolina, alongside property tax considerations, highlights that MIP is permanent, making this ideal for those with sub-620 credit scores.

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.