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Bergen County FHA Loan Calculator

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

Loan Details

Bergen County, NJ Benchmarks

FHA averages
Typical Property Value$718,350
Average Down Payment14.7%
Average Interest Rate6.209%
Effective Tax Rate1.89%
Median Tax Paid$10,001/yr
Tax Growth (Historical)%
Based on 1,200 regional loans totaling $707,510,000 (HMDA database).
$
%

$105,597 down · $612,753 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$1,131 / month

$

Annual premium

$

Per month

%

$260 / month

Estimated Monthly Payment

$5,364/mo

  • Principal & Interest$3,823
  • Property Tax$1,131
  • Home Insurance$150
  • FHA MIP$260
Amortization · Remaining Balance

Financed Loan Amount

$623,476

Total Interest

$752,675

Total of Payments

$1,376,151

*Includes financed FHA Upfront MIP of $10,723

Local Market Insights

Bergen County FHA Mortgage Overview

For Bergen County homebuyers using an FHA loan, the 14.74% average down payment provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) remains for the loan's life regardless of equity. With an 85.26% loan-to-value ratio, this data reflects 100% owner-occupied purchases, not investments. The 1.89% effective property tax rate significantly impacts monthly affordability, especially given the $718,350 average property value. When assessing an FHA loan with PMI and taxes in Bergen County, NJ, or reviewing Bergen County FHA loan limits, remember the tax burden is fixed, while MIP is permanent for FHA borrowers, unlike conventional loans where it drops at 20% equity.

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.