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Sumter County FHA Loan Calculator

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

Loan Details

Sumter County, GA Benchmarks

FHA averages
Typical Property Value$188,692
Average Down Payment12.1%
Average Interest Rate6.376%
Effective Tax Rate1.04%
Median Tax Paid$1,502/yr
Tax Growth (Historical)-9.8%
Based on 65 regional loans totaling $10,485,000 (HMDA database).
$
%

$22,832 down · $165,860 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$164 / month

$

Annual premium

$

Per month

%

$70 / month

Estimated Monthly Payment

$1,437/mo

  • Principal & Interest$1,053
  • Property Tax$164
  • Home Insurance$150
  • FHA MIP$70
Amortization · Remaining Balance

Financed Loan Amount

$168,763

Total Interest

$210,466

Total of Payments

$379,228

*Includes financed FHA Upfront MIP of $2,903

Local Market Insights

Sumter County FHA Mortgage Overview

In Sumter County, the 12.05% average down payment on an FHA loan provides accessible entry for owner-occupants. However, mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life due to the 87.95% LTV ratio, regardless of the down payment. This structure is ideal for buyers with sub-620 credit scores. The 1.04% effective property tax rate, despite a -9.8% inflation-adjusted decrease, still adds roughly $196 monthly to the 6.376% interest rate burden. For accurate budgeting, homebuyers should consider an FHA loan analysis with PMI and taxes in Sumter County, GA, as property taxes directly impact true monthly affordability. The data reflects standard primary residences, not investment properties.

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.