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Marion County FHA Loan Calculator

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

Loan Details

Marion County, FL Benchmarks

FHA averages
Typical Property Value$285,056
Average Down Payment8.2%
Average Interest Rate6.034%
Effective Tax Rate0.72%
Median Tax Paid$1,806/yr
Tax Growth (Historical)+5.6%
Based on 4,130 regional loans totaling $1,061,160,000 (HMDA database).
$
%

$23,375 down · $261,681 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$171 / month

$

Annual premium

$

Per month

%

$111 / month

Estimated Monthly Payment

$2,033/mo

  • Principal & Interest$1,602
  • Property Tax$171
  • Home Insurance$150
  • FHA MIP$111
Amortization · Remaining Balance

Financed Loan Amount

$266,261

Total Interest

$310,282

Total of Payments

$576,543

*Includes financed FHA Upfront MIP of $4,579

Local Market Insights

Marion County FHA Mortgage Overview

For Marion County homebuyers, the 8.20% average down payment on FHA loans provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 91.80% loan-to-value ratio. This data reflects 100% primary residences. The 0.72% effective property tax rate, combined with a 5.6% inflation-adjusted increase, directly impacts monthly affordability when using an FHA loan calculator with PMI and taxes in Marion County, FL. Understanding these FHA loan limits and tax dynamics is critical for accurate budgeting, especially for those evaluating an FHA loan down payment calculator in Marion County, Florida.

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.