Union County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Union County, FL Benchmarks

FHA averages

Typical Property Value$273,654

Average Down Payment9.4%

Average Interest Rate6.485%

Effective Tax Rate0.53%

Median Tax Paid$980/yr

Tax Growth (Historical)+2.1%

Based on 52 regional loans totaling $12,550,000 (HMDA database).

Home Price

Down Payment

$25,723 down · $247,931 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

$121 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$105 / month

Estimated Monthly Payment

$1,969/mo

Principal & Interest$1,593
Property Tax$121
Home Insurance$150
FHA MIP$105

Amortization · Remaining Balance

Financed Loan Amount

$252,269

Total Interest

$321,158

Total of Payments

$573,428

*Includes financed FHA Upfront MIP of $4,339

Local Market Insights

Union County FHA Mortgage Overview

In Union County, the 9.36% average down payment on an FHA loan provides accessible entry into a $273,654 market, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 90.64% LTV ratio, regardless of equity buildup. This structure suits buyers with sub-620 credit scores seeking owner-occupied homes. The 0.53% effective property tax rate, with a 2.1% inflation-adjusted increase, adds modest monthly cost, making an FHA loan with PMI and taxes in Union County, FL a stable choice. For accurate budgeting of Union County FHA loan limits and tax impacts, consider these fixed costs.

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.