Gulf County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Gulf County, FL Benchmarks

FHA averages

Typical Property Value$281,081

Average Down Payment9.2%

Average Interest Rate5.816%

Effective Tax Rate0.47%

Median Tax Paid$1,578/yr

Tax Growth (Historical)+14.7%

Based on 74 regional loans totaling $17,930,000 (HMDA database).

Home Price

Down Payment

$25,859 down · $255,222 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

$110 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$108 / month

Estimated Monthly Payment

$1,895/mo

Principal & Interest$1,527
Property Tax$110
Home Insurance$150
FHA MIP$108

Amortization · Remaining Balance

Financed Loan Amount

$259,688

Total Interest

$290,045

Total of Payments

$549,733

*Includes financed FHA Upfront MIP of $4,466

Local Market Insights

Gulf County FHA Mortgage Overview

Gulf County homebuyers using an FHA loan are entering the market with a 9.17% down payment, well below the 20% threshold, making homeownership accessible. However, the 90.83% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan, a key factor for those seeking an FHA loan with PMI and taxes in Gulf County, FL. The effective property tax rate of 0.47% is low, but the 14.7% inflation-adjusted tax shift will increase monthly costs. With a 100% primary occupancy rate, this data reflects standard homebuyers, not investors.

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.