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Mercer County FHA Loan Calculator

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

Loan Details

Mercer County, PA Benchmarks

FHA averages
Typical Property Value$174,498
Average Down Payment11.6%
Average Interest Rate6.468%
Effective Tax Rate1.06%
Median Tax Paid$1,936/yr
Tax Growth (Historical)-3.3%
Based on 299 regional loans totaling $44,825,000 (HMDA database).
$
%

$20,242 down · $154,256 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$154 / month

$

Annual premium

$

Per month

%

$65 / month

Estimated Monthly Payment

$1,359/mo

  • Principal & Interest$989
  • Property Tax$154
  • Home Insurance$150
  • FHA MIP$65
Amortization · Remaining Balance

Financed Loan Amount

$156,956

Total Interest

$199,074

Total of Payments

$356,030

*Includes financed FHA Upfront MIP of $2,699

Local Market Insights

Mercer County FHA Mortgage Overview

For Mercer County homebuyers, the 11.62% average down payment on an FHA loan provides accessible entry, though it requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for those with sub-620 credit. The 88.38% loan-to-value ratio confirms low equity risk, with all purchases being primary residences. At the 1.06% effective property tax rate, a $174,498 property adds roughly $154 monthly. The recent -3.3% inflation-adjusted tax change slightly eases affordability. When evaluating an FHA loan with PMI and taxes in Mercer County, PA, these figures clarify true monthly costs and 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.