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Burlington County FHA Loan Calculator

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

Loan Details

Burlington County, NJ Benchmarks

FHA averages
Typical Property Value$393,772
Average Down Payment14.2%
Average Interest Rate6.300%
Effective Tax Rate2.07%
Median Tax Paid$7,983/yr
Tax Growth (Historical)-2.0%
Based on 1,777 regional loans totaling $578,705,000 (HMDA database).
$
%

$55,916 down · $337,856 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$679 / month

$

Annual premium

$

Per month

%

$143 / month

Estimated Monthly Payment

$3,100/mo

  • Principal & Interest$2,128
  • Property Tax$679
  • Home Insurance$150
  • FHA MIP$143
Amortization · Remaining Balance

Financed Loan Amount

$343,769

Total Interest

$422,252

Total of Payments

$766,021

*Includes financed FHA Upfront MIP of $5,912

Local Market Insights

Burlington County FHA Mortgage Overview

For Burlington County homebuyers using an FHA loan, the 14.18% average down payment provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—a key factor when using an FHA loan down payment analysis. The 85.82% loan-to-value ratio (LTV) confirms this is ideal for buyers with sub-620 credit scores, as MIP never drops. The 2.07% effective property tax rate, coupled with a -2.0% inflation-adjusted tax change, slightly reduces true monthly affordability. This data reflects 100% owner-occupied purchases, making a Burlington County FHA mortgage analysis with property taxes crucial for understanding your total housing cost.

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.