Montgomery County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Montgomery County, PA Benchmarks

FHA averages

Typical Property Value$411,442

Average Down Payment15.1%

Average Interest Rate6.265%

Effective Tax Rate1.29%

Median Tax Paid$5,875/yr

Tax Growth (Historical)-1.3%

Based on 1,400 regional loans totaling $474,020,000 (HMDA database).

Home Price

Down Payment

$62,128 down · $349,314 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

$442 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$148 / month

Estimated Monthly Payment

$2,931/mo

Principal & Interest$2,191
Property Tax$442
Home Insurance$150
FHA MIP$148

Amortization · Remaining Balance

Financed Loan Amount

$355,427

Total Interest

$433,239

Total of Payments

$788,666

*Includes financed FHA Upfront MIP of $6,113

Local Market Insights

Montgomery County FHA Mortgage Overview

For Montgomery County homebuyers using an FHA loan, the average 15.12% down payment on a $411,442 property provides accessible entry, but it triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for those with sub-620 credit. The 84.88% Loan-to-Value ratio confirms this is a lower-equity, owner-occupied purchase. Factoring in the 1.29% effective property tax rate, which recently saw a -1.3% inflation-adjusted decrease, slightly improves monthly affordability. When evaluating an FHA loan with PMI and taxes in Montgomery County, PA, or reviewing Montgomery County FHA loan limits, remember MIP never drops off, making long-term cost projections critical.

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.