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Madison County FHA Loan Calculator

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

Loan Details

Madison County, FL Benchmarks

FHA averages
Typical Property Value$239,717
Average Down Payment15.3%
Average Interest Rate6.493%
Effective Tax Rate0.64%
Median Tax Paid$965/yr
Tax Growth (Historical)+0.9%
Based on 53 regional loans totaling $10,225,000 (HMDA database).
$
%

$36,677 down · $203,040 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$128 / month

$

Annual premium

$

Per month

%

$86 / month

Estimated Monthly Payment

$1,668/mo

  • Principal & Interest$1,304
  • Property Tax$128
  • Home Insurance$150
  • FHA MIP$86
Amortization · Remaining Balance

Financed Loan Amount

$206,594

Total Interest

$263,010

Total of Payments

$469,603

*Includes financed FHA Upfront MIP of $3,553

Local Market Insights

Madison County FHA Mortgage Overview

For Madison County homebuyers utilizing an FHA loan, the 15.31% average down payment provides accessible entry, but note that Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of this equity level. The 84.69% Loan-to-Value ratio confirms this is standard owner-occupied financing. With an effective property tax rate of 0.64% and a recent 0.9% inflation-adjusted increase, monthly affordability is moderately impacted. When evaluating an FHA loan with PMI and taxes in Madison County, FL, the average property value of $239,716.98 and 6.493% interest rate create a baseline. This FHA down payment analysis in Madison County, Florida, highlights that even with the 15.31% down, the mandatory MIP makes this ideal for buyers with sub-620 credit scores seeking stable primary residences.

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.