Elizabeth, NJ FHA Loan Calculator

Pre-loaded with Elizabeth's illustrative property tax assumption (2.47%) and median home price ($420,000). Get a personalized rate quote in 2 minutes — free.

ELIZABETH, NJ
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Your payment$3,113/month
Principal & interest
$2,123.75
Property tax
$864.50
Homeowners insurance
$125.00
Loan amount$336,000
See your real rate for this payment

Your estimate: $3,113/month on a $420,000 home with $84,000 down. Request a free quote in about 2 minutes.

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Elizabeth market snapshot

Median Home Price
$420,000
Property Tax Rate
2.47%
Avg Monthly Payment
$3,113
Typical Down Payment
$84,000

FHA Loans in Elizabeth

The median home price in Elizabeth is $420,000, with an average property tax rate of 2.47% in Elizabeth area. A typical 30-year fixed fha loan on a median-priced home in Elizabeth with 20% down would result in an estimated monthly payment of $3,113, including principal, interest, and property taxes.

FHA loans are government-insured mortgages designed for first-time and lower-credit buyers. They require as little as 3.5% down and accept credit scores starting at 580.

Use the calculator above with Elizabeth's illustrative defaults to model your own scenario, then tap Get My Free Rate Quote to compare offers from licensed lenders serving New Jersey.

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