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Ocean County FHA Loan Calculator

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

Loan Details

Ocean County, NJ Benchmarks

FHA averages
Typical Property Value$492,011
Average Down Payment18.4%
Average Interest Rate6.243%
Effective Tax Rate1.42%
Median Tax Paid$6,562/yr
Tax Growth (Historical)-2.1%
Based on 1,968 regional loans totaling $749,600,000 (HMDA database).
$
%

$90,530 down · $401,481 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$582 / month

$

Annual premium

$

Per month

%

$170 / month

Estimated Monthly Payment

$3,415/mo

  • Principal & Interest$2,513
  • Property Tax$582
  • Home Insurance$150
  • FHA MIP$170
Amortization · Remaining Balance

Financed Loan Amount

$408,507

Total Interest

$496,026

Total of Payments

$904,533

*Includes financed FHA Upfront MIP of $7,026

Local Market Insights

Ocean County FHA Mortgage Overview

Ocean County FHA buyers are putting down an average of 18.39%, well above the minimum 3.5%. This strong equity position still requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s lifetime, making this ideal for those with lower credit scores. The 81.61% loan-to-value ratio confirms significant buyer equity. With a 1.42% property tax rate, monthly affordability is heavily impacted; however, the recent -2.1% inflation-adjusted tax shift offers slight relief. For a full picture of your Ocean County FHA loan down payment with PMI and taxes, or to check local FHA loan limits, use our interactive tool above.

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.