Gloucester County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Gloucester County, NJ Benchmarks

FHA averages

Typical Property Value$377,011

Average Down Payment13.4%

Average Interest Rate6.337%

Effective Tax Rate2.40%

Median Tax Paid$8,055/yr

Tax Growth (Historical)-1.9%

Based on 1,437 regional loans totaling $454,655,000 (HMDA database).

Home Price

Down Payment

$50,519 down · $326,492 financed

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

$754 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$138 / month

Estimated Monthly Payment

$3,107/mo

Principal & Interest$2,065
Property Tax$754
Home Insurance$150
FHA MIP$138

Amortization · Remaining Balance

Financed Loan Amount

$332,205

Total Interest

$411,169

Total of Payments

$743,374

*Includes financed FHA Upfront MIP of $5,714

Local Market Insights

Gloucester County FHA Mortgage Overview

For Gloucester County homebuyers utilizing an FHA loan, the 13.39% down payment and 86.61% LTV ratio offer accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life—ideal for those with sub-620 credit. The effective 2.40% property tax rate is elevated, but the recent -1.9% inflation-adjusted tax shift provides slight relief. When evaluating an FHA loan with PMI and taxes in Gloucester County, NJ, the average $377,011 property and 6.337% interest rate require careful budgeting. This FHA loan down payment data in Gloucester County, New Jersey, reflects 100% primary residences, ensuring standard homebuyer conditions rather than investment risks.

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.