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Brevard County FHA Loan Calculator

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

Loan Details

Brevard County, FL Benchmarks

FHA averages
Typical Property Value$330,953
Average Down Payment8.7%
Average Interest Rate5.987%
Effective Tax Rate0.68%
Median Tax Paid$2,311/yr
Tax Growth (Historical)+4.8%
Based on 3,560 regional loans totaling $1,055,180,000 (HMDA database).
$
%

$28,793 down · $302,160 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$188 / month

$

Annual premium

$

Per month

%

$128 / month

Estimated Monthly Payment

$2,307/mo

  • Principal & Interest$1,841
  • Property Tax$188
  • Home Insurance$150
  • FHA MIP$128
Amortization · Remaining Balance

Financed Loan Amount

$307,448

Total Interest

$355,431

Total of Payments

$662,879

*Includes financed FHA Upfront MIP of $5,288

Local Market Insights

Brevard County FHA Mortgage Overview

Brevard County FHA buyers leverage a low 8.70% down payment, providing accessible entry despite mandatory Mortgage Insurance Premiums (MIP) for the loan’s life. With a 91.30% loan-to-value ratio, this is ideal for owner-occupants, particularly those with sub-620 credit, as MIP cannot be canceled. The 0.68% effective property tax rate, adjusted upward by 4.8% for inflation, adds roughly $188 monthly on a $330,953 property. When evaluating an FHA loan with PMI and taxes in Brevard County, FL, this tax shift meaningfully impacts true monthly affordability, requiring careful budgeting for long-term cost stability.

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.