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Madison County FHA Loan Calculator

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

Loan Details

Madison County, GA Benchmarks

FHA averages
Typical Property Value$312,304
Average Down Payment12.2%
Average Interest Rate6.398%
Effective Tax Rate0.74%
Median Tax Paid$1,677/yr
Tax Growth (Historical)+1.2%
Based on 204 regional loans totaling $53,610,000 (HMDA database).
$
%

$38,101 down · $274,203 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$193 / month

$

Annual premium

$

Per month

%

$116 / month

Estimated Monthly Payment

$2,204/mo

  • Principal & Interest$1,745
  • Property Tax$193
  • Home Insurance$150
  • FHA MIP$116
Amortization · Remaining Balance

Financed Loan Amount

$279,001

Total Interest

$349,260

Total of Payments

$628,261

*Includes financed FHA Upfront MIP of $4,799

Local Market Insights

Madison County FHA Mortgage Overview

Madison County homebuyers utilizing FHA financing benefit from a 12.22% average down payment, which lowers the initial cash barrier compared to conventional loans. However, this lower equity position—reflected in the 87.78% loan-to-value ratio—triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan. With an average property value of $312,304 and a 6.398% interest rate, the effective 0.74% property tax rate, adjusted upward by 1.2% for inflation, adds a predictable, modest monthly cost. This data, representing 100% owner-occupied purchases, indicates FHA loans in Madison County, GA are a viable path for buyers with sub-620 credit scores, though the perpetual MIP is a key factor in any FHA loan analysis with PMI and taxes.

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.