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Montgomery County FHA Loan Calculator

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

Loan Details

Montgomery County, TN Benchmarks

FHA averages
Typical Property Value$308,460
Average Down Payment9.1%
Average Interest Rate6.189%
Effective Tax Rate0.61%
Median Tax Paid$1,697/yr
Tax Growth (Historical)-1.5%
Based on 1,312 regional loans totaling $358,350,000 (HMDA database).
$
%

$28,070 down · $280,390 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$157 / month

$

Annual premium

$

Per month

%

$119 / month

Estimated Monthly Payment

$2,171/mo

  • Principal & Interest$1,746
  • Property Tax$157
  • Home Insurance$150
  • FHA MIP$119
Amortization · Remaining Balance

Financed Loan Amount

$285,297

Total Interest

$343,085

Total of Payments

$628,382

*Includes financed FHA Upfront MIP of $4,907

Local Market Insights

Montgomery County FHA Mortgage Overview

For Montgomery County homebuyers using FHA financing, the 9.12% average down payment provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 90.88% Loan-to-Value ratio. This makes an FHA loan calculator with PMI and taxes in Montgomery County, TN essential for true cost planning. The effective property tax rate of 0.61% and recent -1.5% inflation-adjusted tax shift slightly reduce monthly burdens. With 100% owner-occupancy, this data reflects standard homebuyers, not investors, and the 6.189% average rate underscores current 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.