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Franklin County FHA Loan Calculator

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

Loan Details

Franklin County, GA Benchmarks

FHA averages
Typical Property Value$297,885
Average Down Payment12.8%
Average Interest Rate6.372%
Effective Tax Rate0.65%
Median Tax Paid$1,288/yr
Tax Growth (Historical)+1.5%
Based on 156 regional loans totaling $38,560,000 (HMDA database).
$
%

$38,129 down · $259,756 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$161 / month

$

Annual premium

$

Per month

%

$110 / month

Estimated Monthly Payment

$2,070/mo

  • Principal & Interest$1,648
  • Property Tax$161
  • Home Insurance$150
  • FHA MIP$110
Amortization · Remaining Balance

Financed Loan Amount

$264,301

Total Interest

$328,990

Total of Payments

$593,292

*Includes financed FHA Upfront MIP of $4,546

Local Market Insights

Franklin County FHA Mortgage Overview

In Franklin County, the 12.75% average down payment on an FHA loan provides accessible entry for buyers, but the 87.25% loan-to-value (LTV) ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life, regardless of equity. This is ideal for those with sub-620 credit scores purchasing primary residences. The effective property tax rate of 0.65%, with a 1.5% inflation-adjusted increase, adds modestly to monthly affordability. When evaluating an FHA loan with PMI and taxes in Franklin County, GA, note that the local FHA loan limits and tax structure keep monthly costs predictable, though MIP remains permanent.

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.