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Fajardo Municipio FHA Loan Calculator

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

Loan Details

Fajardo Municipio, PR Benchmarks

FHA averages
Typical Property Value$147,533
Average Down Payment7.1%
Average Interest Rate5.977%
Effective Tax Rate%
Median Tax PaidN/A
Tax Growth (Historical)%
Based on 76 regional loans totaling $8,670,000 (HMDA database).
$
%

$10,475 down · $137,058 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$135 / month

$

Annual premium

$

Per month

%

$58 / month

Estimated Monthly Payment

$1,178/mo

  • Principal & Interest$834
  • Property Tax$135
  • Home Insurance$150
  • FHA MIP$58
Amortization · Remaining Balance

Financed Loan Amount

$139,457

Total Interest

$160,899

Total of Payments

$300,356

*Includes financed FHA Upfront MIP of $2,399

Local Market Insights

Fajardo Municipio FHA Mortgage Overview

In Fajardo Municipio, the 7.14% average down payment on FHA loans offers accessible entry, but triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, ideal for buyers with sub-620 credit. With a 92.86% median LTV and 100% owner-occupancy, this data reflects primary residences. The N/A% effective property tax rate and N/A% inflation-adjusted change create an uncertain tax impact on true monthly affordability. When assessing an FHA loan down payment in Fajardo Municipio, Puerto Rico, remember that MIP is permanent, unlike conventional PMI. For precise budgeting, consider FHA loan limits and tax impacts alongside the 5.977% average rate and $147,533 average property value.

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.