Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Georgia>Montgomery County (FHA)

Montgomery County FHA Loan Calculator

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

Loan Details

Montgomery County, GA Benchmarks

FHA averages
Typical Property Value$240,909
Average Down Payment12.7%
Average Interest Rate6.327%
Effective Tax Rate0.81%
Median Tax Paid$1,204/yr
Tax Growth (Historical)+2.5%
Based on 22 regional loans totaling $4,490,000 (HMDA database).
$
%

$30,595 down · $210,314 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$163 / month

$

Annual premium

$

Per month

%

$89 / month

Estimated Monthly Payment

$1,731/mo

  • Principal & Interest$1,329
  • Property Tax$163
  • Home Insurance$150
  • FHA MIP$89
Amortization · Remaining Balance

Financed Loan Amount

$213,994

Total Interest

$264,357

Total of Payments

$478,351

*Includes financed FHA Upfront MIP of $3,680

Local Market Insights

Montgomery County FHA Mortgage Overview

Montgomery County homebuyers using FHA loans benefit from the accessible 12.69% average down payment, which is lower than the typical 20% required for conventional financing. However, with an 87.31% LTV ratio, mandatory Mortgage Insurance Premiums (MIP) are required for the entire loan term, making this ideal for buyers with sub-620 credit. The effective property tax rate of 0.81%, coupled with a 2.5% inflation-adjusted increase, adds roughly $50 monthly to true affordability. For a property valued at $240,909, this FHA loan structure with PMI and taxes offers a clear path to homeownership for owner-occupied buyers in Montgomery County, Georgia, especially when considering local FHA loan limits.

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.