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Venango County FHA Loan Calculator

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

Loan Details

Venango County, PA Benchmarks

FHA averages
Typical Property Value$165,463
Average Down Payment13.0%
Average Interest Rate6.510%
Effective Tax Rate1.22%
Median Tax Paid$1,520/yr
Tax Growth (Historical)-2.3%
Based on 108 regional loans totaling $15,100,000 (HMDA database).
$
%

$21,510 down · $143,953 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$168 / month

$

Annual premium

$

Per month

%

$61 / month

Estimated Monthly Payment

$1,306/mo

  • Principal & Interest$927
  • Property Tax$168
  • Home Insurance$150
  • FHA MIP$61
Amortization · Remaining Balance

Financed Loan Amount

$146,472

Total Interest

$187,164

Total of Payments

$333,636

*Includes financed FHA Upfront MIP of $2,519

Local Market Insights

Venango County FHA Mortgage Overview

Venango County FHA buyers benefit from the accessible 12.99% down payment, which is well above the 3.5% minimum, reducing the loan amount. However, with an 87.01% LTV, mandatory Mortgage Insurance Premiums (MIP) remain for the loan's life, regardless of equity growth. This structure is ideal for those with sub-620 credit seeking entry. The 1.22% effective property tax rate adds roughly $168 monthly on a $165,463 home. The recent -2.3% inflation-adjusted tax shift slightly lowers this burden, improving true affordability for Venango County FHA mortgage planning.

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.