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Vieques Municipio FHA Loan Calculator

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

Loan Details

Vieques Municipio, PR Benchmarks

FHA averages
Typical Property Value$260,000
Average Down Payment12.3%
Average Interest Rate5.981%
Effective Tax Rate%
Median Tax PaidN/A
Tax Growth (Historical)%
Based on 6 regional loans totaling $1,310,000 (HMDA database).
$
%

$31,980 down · $228,020 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$238 / month

$

Annual premium

$

Per month

%

$97 / month

Estimated Monthly Payment

$1,873/mo

  • Principal & Interest$1,388
  • Property Tax$238
  • Home Insurance$150
  • FHA MIP$97
Amortization · Remaining Balance

Financed Loan Amount

$232,010

Total Interest

$267,683

Total of Payments

$499,693

*Includes financed FHA Upfront MIP of $3,990

Local Market Insights

Vieques Municipio FHA Mortgage Overview

For homebuyers in Vieques Municipio, the 12.30% weighted average down payment on a $260,000 property with an FHA loan provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, unlike conventional options. The 87.70% median Loan-to-Value (LTV) ratio confirms this, ideal for those with sub-620 credit scores. All purchases are owner-occupied, not investments. While the effective property tax rate is N/A, meaning no current tax burden, future shifts could alter monthly affordability. When evaluating an FHA loan down payment in Vieques Municipio, PR, remember MIP is permanent, impacting long-term costs alongside the 5.981% interest rate.

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.