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Coffee County FHA Loan Calculator

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

Loan Details

Coffee County, TN Benchmarks

FHA averages
Typical Property Value$306,633
Average Down Payment11.3%
Average Interest Rate6.204%
Effective Tax Rate0.55%
Median Tax Paid$1,407/yr
Tax Growth (Historical)-1.0%
Based on 349 regional loans totaling $92,425,000 (HMDA database).
$
%

$34,650 down · $271,983 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$141 / month

$

Annual premium

$

Per month

%

$115 / month

Estimated Monthly Payment

$2,101/mo

  • Principal & Interest$1,695
  • Property Tax$141
  • Home Insurance$150
  • FHA MIP$115
Amortization · Remaining Balance

Financed Loan Amount

$276,743

Total Interest

$333,445

Total of Payments

$610,188

*Includes financed FHA Upfront MIP of $4,760

Local Market Insights

Coffee County FHA Mortgage Overview

For Coffee County homebuyers, the 11.28% average down payment on FHA loans provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) is required for the life of the loan, regardless of this equity level. With an 88.72% Loan-to-Value (LTV) ratio and 100% primary occupancy, this data reflects owner-occupied purchases. The effective property tax rate of 0.55%, combined with a -1.0% inflation-adjusted tax change, slightly reduces monthly carrying costs. When evaluating an FHA loan with PMI and taxes in Coffee County, TN, note the average property value of $306,633 and a 6.204% interest rate. The recent tax shift provides modest relief, making the county’s FHA loan limits and tax environment favorable for first-time buyers.

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.