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Lewis County FHA Loan Calculator

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

Loan Details

Lewis County, TN Benchmarks

FHA averages
Typical Property Value$282,172
Average Down Payment12.6%
Average Interest Rate6.334%
Effective Tax Rate0.32%
Median Tax Paid$824/yr
Tax Growth (Historical)+0.5%
Based on 99 regional loans totaling $23,515,000 (HMDA database).
$
%

$35,554 down · $246,618 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$75 / month

$

Annual premium

$

Per month

%

$105 / month

Estimated Monthly Payment

$1,888/mo

  • Principal & Interest$1,558
  • Property Tax$75
  • Home Insurance$150
  • FHA MIP$105
Amortization · Remaining Balance

Financed Loan Amount

$250,934

Total Interest

$309,991

Total of Payments

$560,925

*Includes financed FHA Upfront MIP of $4,316

Local Market Insights

Lewis County FHA Mortgage Overview

For Lewis County homebuyers using an FHA loan, the 12.57% down payment provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life regardless of this equity level. With an 87.43% loan-to-value ratio and 100% owner-occupied purchases, this data reflects standard homebuyers. The 0.32% effective tax rate and a 0.5% inflation-adjusted increase keep monthly affordability stable. When evaluating an FHA loan down payment in Lewis County, Tennessee, factor in those permanent MIP costs alongside property taxes for a true picture.

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.