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Union County FHA Loan Calculator

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

Loan Details

Union County, GA Benchmarks

FHA averages
Typical Property Value$349,731
Average Down Payment18.7%
Average Interest Rate6.180%
Effective Tax Rate0.45%
Median Tax Paid$1,611/yr
Tax Growth (Historical)+13.6%
Based on 94 regional loans totaling $25,240,000 (HMDA database).
$
%

$65,400 down · $284,331 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$131 / month

$

Annual premium

$

Per month

%

$121 / month

Estimated Monthly Payment

$2,170/mo

  • Principal & Interest$1,768
  • Property Tax$131
  • Home Insurance$150
  • FHA MIP$121
Amortization · Remaining Balance

Financed Loan Amount

$289,307

Total Interest

$347,232

Total of Payments

$636,539

*Includes financed FHA Upfront MIP of $4,976

Local Market Insights

Union County FHA Mortgage Overview

For Union County homebuyers, the 18.72% average down payment on an FHA loan is notably high, providing strong equity from the start. However, FHA’s mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life, regardless of this down payment. The 81.28% loan-to-value ratio reflects owner-occupied purchases, ideal for those with sub-620 credit scores. The 0.45% effective property tax rate is low, but the 13.6% inflation-adjusted tax increase will modestly raise monthly costs. When evaluating an FHA mortgage with property taxes, factor in this permanent MIP alongside the $349,731 average property value and 6.18% interest rate to gauge true affordability in Union County.

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.