Leon County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Leon County, FL Benchmarks

FHA averages

Typical Property Value$277,328

Average Down Payment8.3%

Average Interest Rate6.314%

Effective Tax Rate0.77%

Median Tax Paid$2,397/yr

Tax Growth (Historical)+0.9%

Based on 963 regional loans totaling $239,255,000 (HMDA database).

Home Price

Down Payment

$23,018 down · $254,310 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

$178 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$108 / month

Estimated Monthly Payment

$2,039/mo

Principal & Interest$1,603
Property Tax$178
Home Insurance$150
FHA MIP$108

Amortization · Remaining Balance

Financed Loan Amount

$258,760

Total Interest

$318,443

Total of Payments

$577,203

*Includes financed FHA Upfront MIP of $4,450

Local Market Insights

Leon County FHA Mortgage Overview

For Leon County homebuyers, the 8.25% weighted average down payment on FHA loans provides accessible entry, but triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—a key factor when evaluating an FHA loan with PMI and taxes. The 91.75% loan-to-value ratio confirms this is standard owner-occupied financing, ideal for those with sub-620 credit. With an effective property tax rate of 0.77% and a recent 0.9% inflation-adjusted increase, monthly affordability is modestly pressured. Understanding Leon County FHA loan limits and property taxes is crucial, as the 6.314% interest rate and 0.77% tax burden together shape true monthly costs for an FHA mortgage with property taxes.

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.