Cocke County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Cocke County, TN Benchmarks

FHA averages

Typical Property Value$271,185

Average Down Payment11.7%

Average Interest Rate6.403%

Effective Tax Rate0.49%

Median Tax Paid$898/yr

Tax Growth (Historical)-4.4%

Based on 173 regional loans totaling $39,435,000 (HMDA database).

Home Price

Down Payment

$31,729 down · $239,456 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$111 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$102 / month

Estimated Monthly Payment

$1,886/mo

Principal & Interest$1,524
Property Tax$111
Home Insurance$150
FHA MIP$102

Amortization · Remaining Balance

Financed Loan Amount

$243,647

Total Interest

$305,002

Total of Payments

$548,649

*Includes financed FHA Upfront MIP of $4,190

Local Market Insights

Cocke County FHA Mortgage Overview

For Cocke County homebuyers using an FHA loan, the 11.71% average down payment offers accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life due to the 88.29% loan-to-value ratio. This FHA loan calculator with PMI and taxes in Cocke County, TN data shows a $271,184 average property value at a 6.403% rate. The 0.49% effective property tax rate, with a -4.4% inflation-adjusted tax decline, slightly eases monthly affordability. As 100% of buyers purchase primary residences, this FHA mortgage calculator with property taxes reflects a stable owner-occupied market, ideal for those with sub-620 credit.

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.