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Rockingham County FHA Loan Calculator

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

Loan Details

Rockingham County, NC Benchmarks

FHA averages
Typical Property Value$254,482
Average Down Payment11.3%
Average Interest Rate6.238%
Effective Tax Rate0.75%
Median Tax Paid$1,258/yr
Tax Growth (Historical)-0.8%
Based on 542 regional loans totaling $118,750,000 (HMDA database).
$
%

$28,756 down · $225,726 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$159 / month

$

Annual premium

$

Per month

%

$96 / month

Estimated Monthly Payment

$1,817/mo

  • Principal & Interest$1,413
  • Property Tax$159
  • Home Insurance$150
  • FHA MIP$96
Amortization · Remaining Balance

Financed Loan Amount

$229,676

Total Interest

$278,882

Total of Payments

$508,557

*Includes financed FHA Upfront MIP of $3,950

Local Market Insights

Rockingham County FHA Mortgage Overview

Rockingham County homebuyers using an FHA loan typically put down 11.30%, which is a solid entry point but carries a key trade-off. With an 88.70% loan-to-value ratio, the mandatory Mortgage Insurance Premium (MIP) remains for the life of the loan, making this ideal for borrowers with sub-620 credit. The 0.75% effective property tax rate, coupled with a recent -0.8% inflation-adjusted decrease, slightly improves monthly affordability. For a precise FHA loan breakdown with PMI and taxes in Rockingham County, NC, this data helps estimate your true cost on a typical $254,482 property at a 6.238% rate.

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.