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Citrus County FHA Loan Calculator

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

Loan Details

Citrus County, FL Benchmarks

FHA averages
Typical Property Value$268,958
Average Down Payment9.5%
Average Interest Rate6.262%
Effective Tax Rate0.63%
Median Tax Paid$1,430/yr
Tax Growth (Historical)+5.1%
Based on 1,229 regional loans totaling $289,735,000 (HMDA database).
$
%

$25,551 down · $243,407 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$141 / month

$

Annual premium

$

Per month

%

$103 / month

Estimated Monthly Payment

$1,921/mo

  • Principal & Interest$1,527
  • Property Tax$141
  • Home Insurance$150
  • FHA MIP$103
Amortization · Remaining Balance

Financed Loan Amount

$247,667

Total Interest

$301,887

Total of Payments

$549,553

*Includes financed FHA Upfront MIP of $4,260

Local Market Insights

Citrus County FHA Mortgage Overview

For Citrus County homebuyers using an FHA loan, the 9.54% down payment on a $268,958 property offers accessible entry, but note the mandatory Mortgage Insurance Premium (MIP) is required for the loan’s lifetime due to the high 90.46% LTV. With a 6.262% rate, the 0.63% effective property tax rate is manageable, though the recent 5.1% inflation-adjusted tax increase will slightly raise monthly costs. This data reflects 100% owner-occupied purchases, not investments, making an FHA loan calculator with PMI and taxes in Citrus County, FL essential for accurate budgeting.

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.