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Cobb County FHA Loan Calculator

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

Loan Details

Cobb County, GA Benchmarks

FHA averages
Typical Property Value$409,686
Average Down Payment11.5%
Average Interest Rate6.117%
Effective Tax Rate0.69%
Median Tax Paid$2,720/yr
Tax Growth (Historical)+3.1%
Based on 2,834 regional loans totaling $1,001,140,000 (HMDA database).
$
%

$47,114 down · $362,572 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$236 / month

$

Annual premium

$

Per month

%

$154 / month

Estimated Monthly Payment

$2,780/mo

  • Principal & Interest$2,240
  • Property Tax$236
  • Home Insurance$150
  • FHA MIP$154
Amortization · Remaining Balance

Financed Loan Amount

$368,917

Total Interest

$437,622

Total of Payments

$806,539

*Includes financed FHA Upfront MIP of $6,345

Local Market Insights

Cobb County FHA Mortgage Overview

For Cobb County homebuyers using an FHA loan, the 11.53% average down payment provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of equity. The 88.47% Loan-to-Value ratio confirms this, as FHA loans favor those with sub-620 credit scores. The 0.69% effective property tax rate, with a 3.1% inflation-adjusted increase, adds roughly $28 monthly to affordability. With a $409,685 average property value and a 6.117% interest rate, integrating property taxes and MIP into your Cobb County FHA mortgage analysis is critical 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.