Sumner County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Sumner County, TN Benchmarks

FHA averages

Typical Property Value$414,315

Average Down Payment10.1%

Average Interest Rate6.092%

Effective Tax Rate0.46%

Median Tax Paid$1,987/yr

Tax Growth (Historical)-0.9%

Based on 1,315 regional loans totaling $476,615,000 (HMDA database).

Home Price

Down Payment

$41,846 down · $372,469 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

$159 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$158 / month

Estimated Monthly Payment

$2,761/mo

Principal & Interest$2,294
Property Tax$159
Home Insurance$150
FHA MIP$158

Amortization · Remaining Balance

Financed Loan Amount

$378,987

Total Interest

$446,923

Total of Payments

$825,911

*Includes financed FHA Upfront MIP of $6,518

Local Market Insights

Sumner County FHA Mortgage Overview

Sumner County homebuyers using an FHA loan are putting down a weighted average of 10.14%, which provides accessible entry but triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for those with sub-620 credit scores. With a median Loan-to-Value (LTV) ratio of 89.86%, this data reflects 100% primary occupancy purchases, not investments. The effective property tax rate of 0.46%, combined with a recent inflation-adjusted tax decrease of -0.9%, modestly improves monthly affordability. When evaluating an FHA loan with PMI and taxes in Sumner County, TN, or considering Sumner County FHA loan limits and tax implications, the 6.092% average interest rate underscores steady borrowing costs for this market.

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.