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Maury County FHA Loan Calculator

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

Loan Details

Maury County, TN Benchmarks

FHA averages
Typical Property Value$411,693
Average Down Payment10.0%
Average Interest Rate5.872%
Effective Tax Rate0.43%
Median Tax Paid$1,588/yr
Tax Growth (Historical)+4.4%
Based on 762 regional loans totaling $276,440,000 (HMDA database).
$
%

$41,169 down · $370,524 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$148 / month

$

Annual premium

$

Per month

%

$157 / month

Estimated Monthly Payment

$2,684/mo

  • Principal & Interest$2,229
  • Property Tax$148
  • Home Insurance$150
  • FHA MIP$157
Amortization · Remaining Balance

Financed Loan Amount

$377,008

Total Interest

$425,410

Total of Payments

$802,418

*Includes financed FHA Upfront MIP of $6,484

Local Market Insights

Maury County FHA Mortgage Overview

For Maury County homebuyers using an FHA loan, the 10.04% average down payment offers accessible entry, but note that FHA's mandatory Mortgage Insurance Premium (MIP) lasts the loan's life regardless of equity, unlike conventional loans. With an 89.96% Loan-to-Value ratio, this market favors buyers with sub-620 credit scores seeking primary residences. The 0.43% effective property tax rate is low, but the recent 4.4% inflation-adjusted increase means monthly affordability should account for rising tax costs. When evaluating your budget for a Maury County FHA loan with PMI and taxes, the 5.872% average rate and $411,692.91 property value help frame realistic payment scenarios.

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.