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Corozal Municipio FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Corozal Municipio, Puerto Rico based on real HMDA transaction records.

Loan Details

Corozal Municipio, PR Benchmarks

FHA averages
Typical Property Value$158,243
Average Down Payment7.4%
Average Interest Rate5.940%
Effective Tax Rate%
Median Tax PaidN/A
Tax Growth (Historical)%
Based on 37 regional loans totaling $4,765,000 (HMDA database).
$
%

$11,710 down · $146,533 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$145 / month

$

Annual premium

$

Per month

%

$62 / month

Estimated Monthly Payment

$1,245/mo

  • Principal & Interest$888
  • Property Tax$145
  • Home Insurance$150
  • FHA MIP$62
Amortization · Remaining Balance

Financed Loan Amount

$149,097

Total Interest

$170,644

Total of Payments

$319,741

*Includes financed FHA Upfront MIP of $2,564

Local Market Insights

Corozal Municipio FHA Mortgage Overview

In Corozal Municipio, the 7.39% average down payment on an FHA loan provides accessible entry for primary residence buyers, though it mandates Mortgage Insurance Premiums (MIP) for the life of the loan due to the 92.61% LTV. This structure is ideal for those with sub-620 credit scores seeking an FHA mortgage with property taxes. With no effective property tax rate, monthly affordability avoids local tax burdens; however, the 5.940% interest rate and permanent MIP must be factored into any FHA loan down payment analysis in Corozal Municipio, Puerto Rico.

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.