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Lamar County FHA Loan Calculator

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

Loan Details

Lamar County, GA Benchmarks

FHA averages
Typical Property Value$295,316
Average Down Payment9.0%
Average Interest Rate6.180%
Effective Tax Rate0.93%
Median Tax Paid$1,864/yr
Tax Growth (Historical)-5.3%
Based on 190 regional loans totaling $50,580,000 (HMDA database).
$
%

$26,578 down · $268,738 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$229 / month

$

Annual premium

$

Per month

%

$114 / month

Estimated Monthly Payment

$2,164/mo

  • Principal & Interest$1,671
  • Property Tax$229
  • Home Insurance$150
  • FHA MIP$114
Amortization · Remaining Balance

Financed Loan Amount

$273,440

Total Interest

$328,188

Total of Payments

$601,629

*Includes financed FHA Upfront MIP of $4,703

Local Market Insights

Lamar County FHA Mortgage Overview

In Lamar County, the 8.98% average down payment with an FHA loan provides accessible entry for owner-occupants, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, regardless of equity. The high 91.02% LTV ratio underscores this. The effective property tax rate of 0.93% is moderate, and the recent -5.3% inflation-adjusted tax change slightly eases monthly costs. When evaluating an FHA mortgage with property taxes and PMI in Lamar County, GA, the lower down payment offsets the long-term MIP burden, making it ideal for buyers with sub-620 credit. For precise affordability, review Lamar County FHA loan limits and tax calculator tools.

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.