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Clay County FHA Loan Calculator

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

Loan Details

Clay County, GA Benchmarks

FHA averages
Typical Property Value$171,667
Average Down Payment12.4%
Average Interest Rate6.781%
Effective Tax Rate1.00%
Median Tax Paid$937/yr
Tax Growth (Historical)-5.9%
Based on 6 regional loans totaling $900,000 (HMDA database).
$
%

$21,287 down · $150,380 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$143 / month

$

Annual premium

$

Per month

%

$64 / month

Estimated Monthly Payment

$1,352/mo

  • Principal & Interest$995
  • Property Tax$143
  • Home Insurance$150
  • FHA MIP$64
Amortization · Remaining Balance

Financed Loan Amount

$153,012

Total Interest

$205,363

Total of Payments

$358,375

*Includes financed FHA Upfront MIP of $2,632

Local Market Insights

Clay County FHA Mortgage Overview

For Clay County homebuyers utilizing an FHA loan, the 12.43% average down payment and 87.57% loan-to-value (LTV) ratio offer accessible entry. However, note that FHA mortgage insurance premiums (MIP) are mandatory for the loan's life, regardless of this down payment. This structure is ideal for those with sub-620 credit scores seeking owner-occupied primary residences. The effective property tax rate of 1.00% is moderate, though the recent -5.9% inflation-adjusted tax shift provides slight monthly affordability relief. When evaluating an FHA loan with PMI and taxes in Clay County, GA, or considering Clay County FHA loan limits and tax implications, this data confirms a stable, low-risk market for primary homeowners.

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.