Santa Rosa County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Santa Rosa County, FL Benchmarks

FHA averages

Typical Property Value$312,390

Average Down Payment8.2%

Average Interest Rate5.835%

Effective Tax Rate0.60%

Median Tax Paid$1,891/yr

Tax Growth (Historical)+1.4%

Based on 1,138 regional loans totaling $321,620,000 (HMDA database).

Home Price

Down Payment

$25,616 down · $286,774 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

$156 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$122 / month

Estimated Monthly Payment

$2,145/mo

Principal & Interest$1,718
Property Tax$156
Home Insurance$150
FHA MIP$122

Amortization · Remaining Balance

Financed Loan Amount

$291,793

Total Interest

$326,572

Total of Payments

$618,365

*Includes financed FHA Upfront MIP of $5,019

Local Market Insights

Santa Rosa County FHA Mortgage Overview

In Santa Rosa County, the 8.20% down payment on an FHA loan provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life, ideal for buyers with sub-620 credit. The 91.80% LTV ratio reflects high leverage, yet 100% primary occupancy reduces default risk. At a 0.60% effective tax rate with a 1.4% inflation-adjusted increase, monthly affordability is squeezed. When evaluating an FHA loan with PMI and taxes in Santa Rosa County, FL, the weighted average property value of $312,390 and 5.835% rate illustrate the true cost of ownership, including ongoing MIP.

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.