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Decatur County FHA Loan Calculator

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

Loan Details

Decatur County, TN Benchmarks

FHA averages
Typical Property Value$216,455
Average Down Payment11.9%
Average Interest Rate6.398%
Effective Tax Rate0.41%
Median Tax Paid$644/yr
Tax Growth (Historical)-4.5%
Based on 55 regional loans totaling $10,245,000 (HMDA database).
$
%

$25,758 down · $190,697 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$74 / month

$

Annual premium

$

Per month

%

$81 / month

Estimated Monthly Payment

$1,518/mo

  • Principal & Interest$1,214
  • Property Tax$74
  • Home Insurance$150
  • FHA MIP$81
Amortization · Remaining Balance

Financed Loan Amount

$194,034

Total Interest

$242,896

Total of Payments

$436,930

*Includes financed FHA Upfront MIP of $3,337

Local Market Insights

Decatur County FHA Mortgage Overview

Decatur County’s FHA market shows accessible entry with an 11.92% down payment, yet the 88.08% LTV means mandatory MIP lasts the loan’s life—ideal for buyers with sub-620 credit. The 0.41% effective tax rate, paired with a -4.5% inflation-adjusted decline, lowers true monthly costs. This data, from 100% primary residences, highlights how Decatur County FHA loan limits and tax dynamics combine for stable affordability, though buyers must factor in lifetime MIP when evaluating total housing expense.

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.