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Wilson County FHA Loan Calculator

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

Loan Details

Wilson County, TN Benchmarks

FHA averages
Typical Property Value$451,122
Average Down Payment10.7%
Average Interest Rate5.890%
Effective Tax Rate0.42%
Median Tax Paid$1,787/yr
Tax Growth (Historical)-0.5%
Based on 968 regional loans totaling $380,250,000 (HMDA database).
$
%

$48,270 down · $402,852 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$158 / month

$

Annual premium

$

Per month

%

$171 / month

Estimated Monthly Payment

$2,907/mo

  • Principal & Interest$2,429
  • Property Tax$158
  • Home Insurance$150
  • FHA MIP$171
Amortization · Remaining Balance

Financed Loan Amount

$409,902

Total Interest

$464,414

Total of Payments

$874,316

*Includes financed FHA Upfront MIP of $7,050

Local Market Insights

Wilson County FHA Mortgage Overview

For Wilson County homebuyers, the 10.73% down payment on an FHA loan provides accessible entry, but it mandates Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity. With an 89.27% loan-to-value ratio and 100% primary occupancy, this data reflects standard owner-occupied purchases. The 0.42% effective property tax rate combined with a -0.5% inflation-adjusted tax shift slightly lowers monthly affordability. To assess true costs, consider an FHA loan calculator with PMI and taxes in Wilson County, TN, or review Wilson County FHA loan limits and tax impacts. This market favors buyers leveraging lower down payments, though MIP remains a permanent cost.

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.