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Stewart County FHA Loan Calculator

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

Loan Details

Stewart County, TN Benchmarks

FHA averages
Typical Property Value$287,656
Average Down Payment14.5%
Average Interest Rate6.261%
Effective Tax Rate0.43%
Median Tax Paid$939/yr
Tax Growth (Historical)-4.2%
Based on 64 regional loans totaling $14,990,000 (HMDA database).
$
%

$41,710 down · $245,946 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$103 / month

$

Annual premium

$

Per month

%

$104 / month

Estimated Monthly Payment

$1,900/mo

  • Principal & Interest$1,542
  • Property Tax$103
  • Home Insurance$150
  • FHA MIP$104
Amortization · Remaining Balance

Financed Loan Amount

$250,250

Total Interest

$305,036

Total of Payments

$555,286

*Includes financed FHA Upfront MIP of $4,304

Local Market Insights

Stewart County FHA Mortgage Overview

For Stewart County homebuyers utilizing an FHA loan, the 14.47% down payment provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life regardless of equity. With an 85.53% loan-to-value ratio, this data reflects owner-occupied purchases, not investments. The 0.43% effective property tax rate is low, and the recent -4.2% inflation-adjusted tax shift further reduces monthly costs. When evaluating an FHA loan down payment scenario in Stewart County, TN, remember the tax savings slightly offset the permanent MIP. For precise budgeting with property taxes, review Stewart County FHA mortgage limits and tax 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.