Alachua County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Alachua County, Florida based on real HMDA transaction records.

Loan Details

US County (Smart Autofill)

Loan Type

Alachua County, FL Benchmarks

FHA averages

Typical Property Value$305,232

Average Down Payment8.2%

Average Interest Rate5.924%

Effective Tax Rate0.99%

Median Tax Paid$2,773/yr

Tax Growth (Historical)+2.6%

Based on 950 regional loans totaling $262,250,000 (HMDA database).

Home Price

Down Payment

$25,029 down · $280,203 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$252 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$119 / month

Estimated Monthly Payment

$2,215/mo

Principal & Interest$1,695
Property Tax$252
Home Insurance$150
FHA MIP$119

Amortization · Remaining Balance

Financed Loan Amount

$285,107

Total Interest

$324,993

Total of Payments

$610,100

*Includes financed FHA Upfront MIP of $4,904

Local Market Insights

Alachua County FHA Mortgage Overview

In Alachua County, FHA financing remains the dominant entry point, with a weighted average down payment of just 8.15% on a $305,232 property. This low barrier to entry is ideal for buyers with sub-620 credit, but the 91.85% Loan-to-Value (LTV) ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan. The 0.99% effective property tax rate, adjusted upward by 2.6% for inflation, adds roughly $252 per month to true affordability. When evaluating an FHA loan with PMI and taxes in Alachua County, FL, or using an FHA loan down payment analysis in Alachua County, Florida, remember that these costs are permanent, unlike conventional loans. All data reflects 100% primary occupancy, not investor purchases.

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.