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Rutherford County FHA Loan Calculator

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

Loan Details

Rutherford County, TN Benchmarks

FHA averages
Typical Property Value$429,407
Average Down Payment9.5%
Average Interest Rate5.975%
Effective Tax Rate0.48%
Median Tax Paid$1,839/yr
Tax Growth (Historical)+1.5%
Based on 2,172 regional loans totaling $828,590,000 (HMDA database).
$
%

$40,794 down · $388,613 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$172 / month

$

Annual premium

$

Per month

%

$165 / month

Estimated Monthly Payment

$2,850/mo

  • Principal & Interest$2,363
  • Property Tax$172
  • Home Insurance$150
  • FHA MIP$165
Amortization · Remaining Balance

Financed Loan Amount

$395,414

Total Interest

$455,297

Total of Payments

$850,711

*Includes financed FHA Upfront MIP of $6,801

Local Market Insights

Rutherford County FHA Mortgage Overview

Rutherford County’s FHA market reveals a strategic entry point for owner-occupants. The 9.51% down payment and 90.49% LTV ratio provide accessible financing, but FHA’s mandatory Mortgage Insurance Premium (MIP) remains for the loan’s life—ideal for buyers with sub-620 credit. With an average property value of $429,407 and a 5.975% rate, the low 0.48% effective tax rate and 1.5% inflation-adjusted shift keep monthly costs manageable. Understanding these FHA loan limits and tax impacts is critical when evaluating an FHA loan with PMI and taxes in Rutherford County, TN, or using an FHA loan down payment analysis in Rutherford County, Tennessee.

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.