Overton County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Overton County, TN Benchmarks

FHA averages

Typical Property Value$251,855

Average Down Payment13.6%

Average Interest Rate6.565%

Effective Tax Rate0.36%

Median Tax Paid$669/yr

Tax Growth (Historical)-4.0%

Based on 124 regional loans totaling $25,180,000 (HMDA database).

Home Price

Down Payment

$34,252 down · $217,603 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

$76 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$92 / month

Estimated Monthly Payment

$1,727/mo

Principal & Interest$1,410
Property Tax$76
Home Insurance$150
FHA MIP$92

Amortization · Remaining Balance

Financed Loan Amount

$221,411

Total Interest

$286,072

Total of Payments

$507,483

*Includes financed FHA Upfront MIP of $3,808

Local Market Insights

Overton County FHA Mortgage Overview

Overton County’s FHA market reveals an accessible entry point with a 13.62% down payment, yet buyers face mandatory MIP for the loan’s life, regardless of equity. The 86.38% LTV and 100% owner-occupancy confirm this is standard primary residence financing, ideal for those with sub-620 credit. Property taxes at 0.36% are low, and the recent -4.0% inflation-adjusted tax shift reduces monthly burden, enhancing affordability for FHA loan down payment planning in Overton County, Tennessee. The average 6.565% rate and $251,854 property value mean monthly costs are manageable when factoring FHA loan limits and tax calculator data.

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.