Holmes County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Holmes County, FL Benchmarks

FHA averages

Typical Property Value$208,934

Average Down Payment13.5%

Average Interest Rate6.567%

Effective Tax Rate0.44%

Median Tax Paid$600/yr

Tax Growth (Historical)+10.4%

Based on 61 regional loans totaling $10,565,000 (HMDA database).

Home Price

Down Payment

$28,206 down · $180,728 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

$77 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$77 / month

Estimated Monthly Payment

$1,474/mo

Principal & Interest$1,171
Property Tax$77
Home Insurance$150
FHA MIP$77

Amortization · Remaining Balance

Financed Loan Amount

$183,891

Total Interest

$237,595

Total of Payments

$421,485

*Includes financed FHA Upfront MIP of $3,163

Local Market Insights

Holmes County FHA Mortgage Overview

In Holmes County, the 13.48% average down payment on FHA loans offers accessible entry, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life regardless of equity. The 86.52% loan-to-value ratio confirms this is a low-down-payment market, ideal for buyers with sub-620 credit scores seeking owner-occupied homes. The effective property tax rate of 0.44% is modest, yet the 10.4% inflation-adjusted tax increase will raise monthly costs. For accurate budgeting, consider an FHA loan with PMI and taxes in Holmes County, FL, alongside local FHA loan limits and tax impacts.

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.