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St. Johns County FHA Loan Calculator

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

Loan Details

St. Johns County, FL Benchmarks

FHA averages
Typical Property Value$393,810
Average Down Payment8.5%
Average Interest Rate5.444%
Effective Tax Rate0.75%
Median Tax Paid$3,721/yr
Tax Growth (Historical)+1.8%
Based on 1,727 regional loans totaling $613,435,000 (HMDA database).
$
%

$33,474 down · $360,336 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$246 / month

$

Annual premium

$

Per month

%

$153 / month

Estimated Monthly Payment

$2,617/mo

  • Principal & Interest$2,068
  • Property Tax$246
  • Home Insurance$150
  • FHA MIP$153
Amortization · Remaining Balance

Financed Loan Amount

$366,642

Total Interest

$377,828

Total of Payments

$744,470

*Includes financed FHA Upfront MIP of $6,306

Local Market Insights

St. Johns County FHA Mortgage Overview

In St. Johns County, the 8.54% down payment on an FHA loan provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan's life due to the 91.46% Loan-to-Value ratio. This makes it ideal for buyers with sub-620 credit, as conventional options would require building 20% equity to cancel PMI. The effective property tax rate of 0.75%, adjusted upward by 1.8% for inflation, adds significant monthly cost. When using an FHA loan down payment analysis in St. Johns County, Florida, or evaluating an FHA mortgage with property taxes, remember these recurring costs. For accurate budgeting, consider the FHA loan limits and tax implications specific to this market.

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.