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Suwannee County FHA Loan Calculator

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

Loan Details

Suwannee County, FL Benchmarks

FHA averages
Typical Property Value$260,431
Average Down Payment12.9%
Average Interest Rate6.420%
Effective Tax Rate0.67%
Median Tax Paid$1,213/yr
Tax Growth (Historical)+0.7%
Based on 197 regional loans totaling $42,325,000 (HMDA database).
$
%

$33,596 down · $226,835 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$145 / month

$

Annual premium

$

Per month

%

$96 / month

Estimated Monthly Payment

$1,838/mo

  • Principal & Interest$1,447
  • Property Tax$145
  • Home Insurance$150
  • FHA MIP$96
Amortization · Remaining Balance

Financed Loan Amount

$230,805

Total Interest

$290,015

Total of Payments

$520,820

*Includes financed FHA Upfront MIP of $3,970

Local Market Insights

Suwannee County FHA Mortgage Overview

In Suwannee County, the weighted average FHA down payment of 12.90% provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life given the 87.10% median loan-to-value ratio. This data reflects 100% owner-occupied purchases, ideal for buyers with sub-620 credit. The effective property tax rate of 0.67%, with a recent 0.7% inflation-adjusted shift, adds modest monthly cost. When evaluating an FHA loan with PMI and taxes in Suwannee County, FL, remember that the down payment structure and Suwannee County FHA loan limits directly influence your true monthly affordability.

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.