The aim of this study was to assess precipitation (P) and actual evapotranspiration (ET) by analyzing data from in situ stations compared with remote sensing products. Climate Hazards Center InfraRed Precipitation (CHIRP) and Climate Prediction Center morphing technique (CMORPH) were used for P and Operational Simplified Surface Energy Balance (SSEBop) was used for ET. The P in situ data for six stations were also compared to a reference station in the city. ET was analyzed for a single in situ station. The region chosen for this study was the Metropolitan Area of Belem (MAB), close to the estuary of the Amazon River and the mouth of the Tocantins River. Belem is the rainiest state capital in Brazil, which causes a myriad of challenges for the local population. The assessment was performed using the statistical metrics root-mean-square error (RMSE), normalized root-mean-square error (NRMSE), mean bias error (MBE), coefficient of determination (R2), regression slope, and Nash–Sutcliffe coefficient (NS). For the reference station, the automatic and conventional CHIRP and CMORPH results, in mm/month, were as follows: automatic CHIRP: RMSE = 93.3, NRMSE = 0.32, MBE = −33.54, R2 = 0.7048, Slope = 0.945, NS = 0.5668; CMORPH: RMSE = 195.93, NRMSE = 0.37, MBE = −52.86, R2 = 0.6731, Slope = 0.93, NS = 0.4344; conventional station CHIRP: RMSE = 94.87, NRMSE = 0.32, MBE = −33.54, R2 = 0.7048, Slope = 0.945, NS = 0.5668; CMORPH: RMSE = 105.58, NRMSE = 0.38, MBE = −59.46 R2 = 0.7728, Slope = 1.007, NS = 0.4308. In the MAB region, ET ranges on average between 83 mm/month in the Amazonian summer and 112 mm/month in the Amazonian winter. This work concludes that, although CMORPH has a coarser resolution than CHIRP for the MAB at a monthly resolution, both remote sensing products were reliable. SSEBop also showed acceptable performance. For analyses of the consistency of precipitation time series, these products could provide more accurate information. The present study validates P and ET from remote sensing products with station data in the rain-dominated urban MAB.