Tyrrell County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Tyrrell County, NC Benchmarks

FHA averages

Typical Property Value$240,000

Average Down Payment3.3%

Average Interest Rate6.438%

Effective Tax Rate0.63%

Median Tax Paid$1,331/yr

Tax Growth (Historical)+4.7%

Based on 2 regional loans totaling $450,000 (HMDA database).

Home Price

Down Payment

$7,920 down · $232,080 financed

FHA loans require a minimum of 3.5% down payment (or matching dollar amount).

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$126 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$108 / month

Estimated Monthly Payment

$1,868/mo

Principal & Interest$1,483
Property Tax$126
Home Insurance$150
FHA MIP$108

Amortization · Remaining Balance

Financed Loan Amount

$236,141

Total Interest

$297,835

Total of Payments

$533,977

*Includes financed FHA Upfront MIP of $4,061

Local Market Insights

Tyrrell County FHA Mortgage Overview

For Tyrrell County homebuyers, the 3.34% FHA down payment on a $240,000 property provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, even with a 96.66% loan-to-value ratio. This structure is ideal for those with sub-620 credit scores seeking owner-occupied financing. The effective property tax rate of 0.63% is low, yet the 4.7% inflation-adjusted tax increase adds approximately $71 annually to monthly costs. When evaluating an FHA mortgage with PMI and taxes in Tyrrell County, NC, the low down payment and fixed MIP must be weighed against this rising tax burden for true affordability.

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.