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Pinellas County FHA Loan Calculator

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

Loan Details

Pinellas County, FL Benchmarks

FHA averages
Typical Property Value$377,045
Average Down Payment11.4%
Average Interest Rate6.218%
Effective Tax Rate0.74%
Median Tax Paid$2,474/yr
Tax Growth (Historical)+3.3%
Based on 2,450 regional loans totaling $782,690,000 (HMDA database).
$
%

$42,983 down · $334,062 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$233 / month

$

Annual premium

$

Per month

%

$142 / month

Estimated Monthly Payment

$2,610/mo

  • Principal & Interest$2,086
  • Property Tax$233
  • Home Insurance$150
  • FHA MIP$142
Amortization · Remaining Balance

Financed Loan Amount

$339,908

Total Interest

$411,140

Total of Payments

$751,048

*Includes financed FHA Upfront MIP of $5,846

Local Market Insights

Pinellas County FHA Mortgage Overview

Pinellas County homebuyers using FHA loans are entering the market with an 11.43% down payment on an average $377,045 property. This lower barrier to entry is ideal for those with sub-620 credit, but note that the 88.57% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s entire life. The effective property tax rate of 0.74% is modest, though the 3.3% inflation-adjusted tax increase will add to monthly costs. For a precise financial picture, evaluate the FHA loan down payment alongside property taxes in Pinellas County, Florida, as these factors directly shape your true monthly affordability.

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.