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Lauderdale County FHA Loan Calculator

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

Loan Details

Lauderdale County, TN Benchmarks

FHA averages
Typical Property Value$199,359
Average Down Payment10.2%
Average Interest Rate6.409%
Effective Tax Rate0.67%
Median Tax Paid$844/yr
Tax Growth (Historical)+1.3%
Based on 117 regional loans totaling $20,625,000 (HMDA database).
$
%

$20,335 down · $179,024 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$111 / month

$

Annual premium

$

Per month

%

$76 / month

Estimated Monthly Payment

$1,478/mo

  • Principal & Interest$1,141
  • Property Tax$111
  • Home Insurance$150
  • FHA MIP$76
Amortization · Remaining Balance

Financed Loan Amount

$182,157

Total Interest

$228,458

Total of Payments

$410,615

*Includes financed FHA Upfront MIP of $3,133

Local Market Insights

Lauderdale County FHA Mortgage Overview

Lauderdale County homebuyers using FHA loans are putting down a weighted average of 10.15% on properties valued near $199,359. With an 89.85% loan-to-value ratio, this market is highly accessible for owner-occupants, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of down payment size. The effective property tax rate of 0.67%, adjusted upward by 1.3% for inflation, adds modestly to monthly costs. When evaluating an FHA loan with PMI and taxes in Lauderdale County, TN, the 6.409% average rate and these tax impacts are critical for true affordability. FHA loan down payment trends here favor buyers with sub-620 credit seeking lower upfront barriers.

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.