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Toombs County FHA Loan Calculator

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

Loan Details

Toombs County, GA Benchmarks

FHA averages
Typical Property Value$245,000
Average Down Payment11.0%
Average Interest Rate6.426%
Effective Tax Rate0.82%
Median Tax Paid$1,235/yr
Tax Growth (Historical)-2.0%
Based on 75 regional loans totaling $15,885,000 (HMDA database).
$
%

$26,950 down · $218,050 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$167 / month

$

Annual premium

$

Per month

%

$92 / month

Estimated Monthly Payment

$1,802/mo

  • Principal & Interest$1,392
  • Property Tax$167
  • Home Insurance$150
  • FHA MIP$92
Amortization · Remaining Balance

Financed Loan Amount

$221,866

Total Interest

$279,306

Total of Payments

$501,172

*Includes financed FHA Upfront MIP of $3,816

Local Market Insights

Toombs County FHA Mortgage Overview

In Toombs County, the FHA loan data reveals an accessible market for owner-occupants, with an 11.04% down payment and 88.96% LTV ratio. This lower entry point is ideal for buyers with sub-620 credit, but note that FHA Mortgage Insurance Premiums (MIP) are required for the loan’s life. The effective property tax rate of 0.82%, combined with a -2.0% inflation-adjusted tax decrease, slightly improves monthly affordability. When evaluating an FHA loan down payment in Toombs County, Georgia, factor in these permanent MIP costs alongside property taxes. The 6.426% average rate underscores the importance of comparing FHA loan limits and tax impacts for your budget.

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.