Houston County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Houston County, TN Benchmarks

FHA averages

Typical Property Value$254,259

Average Down Payment12.0%

Average Interest Rate6.185%

Effective Tax Rate0.52%

Median Tax Paid$929/yr

Tax Growth (Historical)+4.7%

Based on 55 regional loans totaling $12,055,000 (HMDA database).

Home Price

Down Payment

$30,511 down · $223,748 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

$110 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$95 / month

Estimated Monthly Payment

$1,746/mo

Principal & Interest$1,391
Property Tax$110
Home Insurance$150
FHA MIP$95

Amortization · Remaining Balance

Financed Loan Amount

$227,664

Total Interest

$273,246

Total of Payments

$500,909

*Includes financed FHA Upfront MIP of $3,916

Local Market Insights

Houston County FHA Mortgage Overview

In Houston County, the 11.97% weighted average down payment on FHA loans provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan's life regardless of this equity level. With an 88.03% median loan-to-value (LTV) ratio and 100% primary occupancy, these are standard homebuyers, not investors. The low 0.52% effective property tax rate offers stable monthly affordability, though the recent 4.7% inflation-adjusted tax shift requires budget vigilance. For those exploring an FHA loan with PMI and taxes in Houston County, TN, understanding these MIP requirements is crucial for long-term cost planning.

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.