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Berks County FHA Loan Calculator

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

Loan Details

Berks County, PA Benchmarks

FHA averages
Typical Property Value$290,601
Average Down Payment11.7%
Average Interest Rate6.348%
Effective Tax Rate1.60%
Median Tax Paid$4,239/yr
Tax Growth (Historical)-3.0%
Based on 1,489 regional loans totaling $370,985,000 (HMDA database).
$
%

$34,000 down · $256,601 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$387 / month

$

Annual premium

$

Per month

%

$109 / month

Estimated Monthly Payment

$2,271/mo

  • Principal & Interest$1,625
  • Property Tax$387
  • Home Insurance$150
  • FHA MIP$109
Amortization · Remaining Balance

Financed Loan Amount

$261,091

Total Interest

$323,766

Total of Payments

$584,857

*Includes financed FHA Upfront MIP of $4,491

Local Market Insights

Berks County FHA Mortgage Overview

For Berks County homebuyers, the 11.71% average down payment on FHA loans provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan regardless of equity. With an 88.29% loan-to-value ratio and 100% primary occupancy, this data reflects owner-occupants, not investors. The 6.348% rate and effective property tax rate of 1.60% mean substantial monthly costs, though the recent -3.0% inflation-adjusted tax shift offers slight relief. When evaluating an FHA loan with PMI and taxes in Berks County, PA, remember MIP is permanent, making this ideal for buyers with sub-620 credit scores seeking predictable payments within FHA loan limits.

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.