Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Georgia>Gwinnett County (FHA)

Gwinnett County FHA Loan Calculator

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

Loan Details

Gwinnett County, GA Benchmarks

FHA averages
Typical Property Value$428,113
Average Down Payment11.5%
Average Interest Rate6.048%
Effective Tax Rate0.93%
Median Tax Paid$3,617/yr
Tax Growth (Historical)+3.8%
Based on 4,226 regional loans totaling $1,557,730,000 (HMDA database).
$
%

$49,233 down · $378,880 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$332 / month

$

Annual premium

$

Per month

%

$161 / month

Estimated Monthly Payment

$2,966/mo

  • Principal & Interest$2,324
  • Property Tax$332
  • Home Insurance$150
  • FHA MIP$161
Amortization · Remaining Balance

Financed Loan Amount

$385,510

Total Interest

$451,035

Total of Payments

$836,545

*Includes financed FHA Upfront MIP of $6,630

Local Market Insights

Gwinnett County FHA Mortgage Overview

For Gwinnett County homebuyers leveraging an FHA loan, the 11.49% average down payment and 88.51% LTV ratio indicate accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life regardless of equity. This structure suits buyers with sub-620 credit scores seeking primary residences. The 0.93% effective property tax rate, with a 3.8% inflation-adjusted increase, adds roughly $30 monthly to true affordability. When evaluating FHA loan costs with PMI and taxes in Gwinnett County, GA, or reviewing Gwinnett County FHA loan limits, remember this tax shift elevates long-term carrying 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.