Clay County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Clay County, FL Benchmarks

FHA averages

Typical Property Value$325,804

Average Down Payment7.9%

Average Interest Rate5.876%

Effective Tax Rate0.77%

Median Tax Paid$2,241/yr

Tax Growth (Historical)+4.5%

Based on 1,605 regional loans totaling $474,145,000 (HMDA database).

Home Price

Down Payment

$25,739 down · $300,065 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

$209 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$127 / month

Estimated Monthly Payment

$2,293/mo

Principal & Interest$1,807
Property Tax$209
Home Insurance$150
FHA MIP$127

Amortization · Remaining Balance

Financed Loan Amount

$305,317

Total Interest

$345,217

Total of Payments

$650,534

*Includes financed FHA Upfront MIP of $5,251

Local Market Insights

Clay County FHA Mortgage Overview

Clay County's FHA market reveals a strategic entry point for primary residence buyers. The 7.92% average down payment, combined with a 92.08% loan-to-value ratio, provides accessible financing, though it triggers mandatory Mortgage Insurance Premiums for the life of the loan—an ideal path for those with sub-620 credit scores. With an effective property tax rate of 0.77% and a recent 4.5% inflation-adjusted increase, monthly affordability is modestly impacted. For an FHA loan down payment analysis in Clay County, Florida, understanding the interplay of these costs—including PMI and property taxes—is essential for accurate budgeting. The average interest rate of 5.876% and property value of $325,803.74 further define local loan limits.

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.