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Washington County FHA Loan Calculator

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

Loan Details

Washington County, FL Benchmarks

FHA averages
Typical Property Value$235,615
Average Down Payment8.0%
Average Interest Rate5.940%
Effective Tax Rate0.46%
Median Tax Paid$792/yr
Tax Growth (Historical)-2.4%
Based on 195 regional loans totaling $41,405,000 (HMDA database).
$
%

$18,849 down · $216,766 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$90 / month

$

Annual premium

$

Per month

%

$92 / month

Estimated Monthly Payment

$1,646/mo

  • Principal & Interest$1,314
  • Property Tax$90
  • Home Insurance$150
  • FHA MIP$92
Amortization · Remaining Balance

Financed Loan Amount

$220,559

Total Interest

$252,433

Total of Payments

$472,992

*Includes financed FHA Upfront MIP of $3,793

Local Market Insights

Washington County FHA Mortgage Overview

For Washington County, Florida homebuyers using an FHA loan, the 8.02% down payment on an average $235,615 property provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan due to the 91.98% LTV ratio. This makes an FHA loan calculator with PMI and taxes in Washington County, FL essential for true monthly cost projections. The 0.46% effective property tax rate, with a recent -2.4% inflation-adjusted decrease, offers modest relief, lowering monthly affordability pressure. All data reflects owner-occupied purchases, not investments.

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.