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Burke County FHA Loan Calculator

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

Loan Details

Burke County, GA Benchmarks

FHA averages
Typical Property Value$256,026
Average Down Payment12.1%
Average Interest Rate6.288%
Effective Tax Rate0.52%
Median Tax Paid$1,025/yr
Tax Growth (Historical)+1.7%
Based on 78 regional loans totaling $16,810,000 (HMDA database).
$
%

$30,979 down · $225,047 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$111 / month

$

Annual premium

$

Per month

%

$95 / month

Estimated Monthly Payment

$1,772/mo

  • Principal & Interest$1,416
  • Property Tax$111
  • Home Insurance$150
  • FHA MIP$95
Amortization · Remaining Balance

Financed Loan Amount

$228,985

Total Interest

$280,726

Total of Payments

$509,711

*Includes financed FHA Upfront MIP of $3,938

Local Market Insights

Burke County FHA Mortgage Overview

In Burke County, the 12.06% average down payment on FHA loans (with property values near $256,026) provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) persist for the loan’s life, regardless of equity. An 87.94% loan-to-value ratio reinforces this, ideal for buyers with sub-620 credit. The 0.52% effective property tax rate, adjusted upward by 1.7% for inflation, adds modest monthly cost. This data reflects 100% primary residence 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.