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Lee County FHA Loan Calculator

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

Loan Details

Lee County, FL Benchmarks

FHA averages
Typical Property Value$350,003
Average Down Payment6.3%
Average Interest Rate6.127%
Effective Tax Rate0.78%
Median Tax Paid$2,858/yr
Tax Growth (Historical)+2.7%
Based on 6,715 regional loans totaling $2,181,385,000 (HMDA database).
$
%

$22,050 down · $327,953 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$228 / month

$

Annual premium

$

Per month

%

$139 / month

Estimated Monthly Payment

$2,545/mo

  • Principal & Interest$2,029
  • Property Tax$228
  • Home Insurance$150
  • FHA MIP$139
Amortization · Remaining Balance

Financed Loan Amount

$333,692

Total Interest

$396,614

Total of Payments

$730,306

*Includes financed FHA Upfront MIP of $5,739

Local Market Insights

Lee County FHA Mortgage Overview

Lee County homebuyers using FHA loans are leveraging a 6.33% down payment on a $350,003 property, providing accessible entry with a 93.67% loan-to-value ratio. However, mandatory Mortgage Insurance Premiums (MIP) remain for the loan’s life, a key factor when evaluating an FHA loan with PMI and taxes in Lee County, FL. The effective property tax rate of 0.78% and a recent 2.7% inflation-adjusted increase mean monthly affordability is tightening. For those exploring FHA loan down payment options in Lee County, Florida, the low entry point suits owner-occupants, but the tax shift and permanent MIP—unlike conventional loans—demand careful budgeting for true long-term costs.

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.