Escambia County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Escambia County, FL Benchmarks

FHA averages

Typical Property Value$272,236

Average Down Payment8.5%

Average Interest Rate6.071%

Effective Tax Rate0.63%

Median Tax Paid$1,495/yr

Tax Growth (Historical)+3.1%

Based on 1,452 regional loans totaling $351,870,000 (HMDA database).

Home Price

Down Payment

$23,140 down · $249,096 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

$143 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$106 / month

Estimated Monthly Payment

$1,930/mo

Principal & Interest$1,531
Property Tax$143
Home Insurance$150
FHA MIP$106

Amortization · Remaining Balance

Financed Loan Amount

$253,455

Total Interest

$297,711

Total of Payments

$551,166

*Includes financed FHA Upfront MIP of $4,359

Local Market Insights

Escambia County FHA Mortgage Overview

In Escambia County, the average 8.49% down payment on an FHA loan provides accessible entry, yet the 91.51% loan-to-value ratio confirms mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for buyers with sub-620 credit. The 6.071% interest rate on a $272,236 property, combined with a 0.63% effective tax rate (up 3.1% inflation-adjusted), directly impacts monthly affordability. For those exploring FHA loan down payment options in Escambia County, Florida, remember that MIP and property taxes are permanent costs here, unlike conventional loans where PMI can be canceled.

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.