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Haywood County FHA Loan Calculator

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

Loan Details

Haywood County, TN Benchmarks

FHA averages
Typical Property Value$224,778
Average Down Payment14.5%
Average Interest Rate6.254%
Effective Tax Rate0.60%
Median Tax Paid$952/yr
Tax Growth (Historical)+8.1%
Based on 90 regional loans totaling $16,640,000 (HMDA database).
$
%

$32,593 down · $192,185 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$112 / month

$

Annual premium

$

Per month

%

$81 / month

Estimated Monthly Payment

$1,548/mo

  • Principal & Interest$1,204
  • Property Tax$112
  • Home Insurance$150
  • FHA MIP$81
Amortization · Remaining Balance

Financed Loan Amount

$195,548

Total Interest

$237,901

Total of Payments

$433,449

*Includes financed FHA Upfront MIP of $3,363

Local Market Insights

Haywood County FHA Mortgage Overview

In Haywood County, the 14.53% average down payment on FHA loans provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of this equity level. With a median Loan-to-Value ratio of 85.47%, this market is ideal for buyers with sub-620 credit scores seeking owner-occupied homes. The effective property tax rate of 0.60% is moderate, though the 8.1% inflation-adjusted tax shift will increase monthly costs. When evaluating Haywood County FHA loan limits and tax impacts, factor in the 6.254% interest rate and this tax burden for true affordability.

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.