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Lafayette County FHA Loan Calculator

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

Loan Details

Lafayette County, FL Benchmarks

FHA averages
Typical Property Value$229,000
Average Down Payment11.6%
Average Interest Rate5.919%
Effective Tax Rate0.60%
Median Tax Paid$863/yr
Tax Growth (Historical)-1.5%
Based on 20 regional loans totaling $3,910,000 (HMDA database).
$
%

$26,564 down · $202,436 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$115 / month

$

Annual premium

$

Per month

%

$86 / month

Estimated Monthly Payment

$1,575/mo

  • Principal & Interest$1,224
  • Property Tax$115
  • Home Insurance$150
  • FHA MIP$86
Amortization · Remaining Balance

Financed Loan Amount

$205,979

Total Interest

$234,795

Total of Payments

$440,774

*Includes financed FHA Upfront MIP of $3,543

Local Market Insights

Lafayette County FHA Mortgage Overview

In Lafayette County, the average FHA buyer puts 11.57% down on a $229,000 property, providing accessible entry despite the 5.919% rate. However, with an 88.43% LTV, mandatory MIP is required for the loan's life—ideal for those with sub-620 credit. The 0.60% effective tax rate is moderate, and the recent -1.5% inflation-adjusted tax change slightly eases monthly costs. An FHA loan down payment analysis in Lafayette County, Florida must account for this permanent MIP and property tax impact. All 100% of buyers are owner-occupants, 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.