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Mayagüez Municipio FHA Loan Calculator

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

Loan Details

Mayagüez Municipio, PR Benchmarks

FHA averages
Typical Property Value$175,081
Average Down Payment5.8%
Average Interest Rate5.873%
Effective Tax Rate%
Median Tax PaidN/A
Tax Growth (Historical)%
Based on 124 regional loans totaling $18,740,000 (HMDA database).
$
%

$10,155 down · $164,926 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$160 / month

$

Annual premium

$

Per month

%

$70 / month

Estimated Monthly Payment

$1,373/mo

  • Principal & Interest$992
  • Property Tax$160
  • Home Insurance$150
  • FHA MIP$70
Amortization · Remaining Balance

Financed Loan Amount

$167,813

Total Interest

$189,357

Total of Payments

$357,170

*Includes financed FHA Upfront MIP of $2,886

Local Market Insights

Mayagüez Municipio FHA Mortgage Overview

For Mayagüez Municipio homebuyers, the 5.78% weighted average down payment on an FHA loan provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan due to the 94.22% median loan-to-value ratio. This structure benefits buyers with sub-620 credit scores, ensuring 100% primary occupancy financing. The effective property tax rate is N/A%, so local tax impacts on monthly affordability are negligible in this dataset. When evaluating an FHA loan down payment in Mayagüez Municipio, the 5.873% average interest rate and property taxes should be factored into true monthly costs, though tax shifts remain undefined.

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.