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Wilkes County FHA Loan Calculator

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

Loan Details

Wilkes County, GA Benchmarks

FHA averages
Typical Property Value$205,811
Average Down Payment10.5%
Average Interest Rate6.175%
Effective Tax Rate0.87%
Median Tax Paid$1,292/yr
Tax Growth (Historical)+5.0%
Based on 37 regional loans totaling $6,645,000 (HMDA database).
$
%

$21,610 down · $184,201 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$149 / month

$

Annual premium

$

Per month

%

$78 / month

Estimated Monthly Payment

$1,522/mo

  • Principal & Interest$1,144
  • Property Tax$149
  • Home Insurance$150
  • FHA MIP$78
Amortization · Remaining Balance

Financed Loan Amount

$187,424

Total Interest

$224,513

Total of Payments

$411,937

*Includes financed FHA Upfront MIP of $3,224

Local Market Insights

Wilkes County FHA Mortgage Overview

For Wilkes County homebuyers, an FHA loan with a 10.54% down payment and 89.46% LTV ratio provides accessible entry, but note that Mortgage Insurance Premiums (MIP) are required for the loan's life, regardless of equity. This structure suits buyers with sub-620 credit scores. With an average property value of $205,810.81 and a 6.175% rate, the effective 0.87% tax rate adds roughly $149 monthly. The recent 5.0% inflation-adjusted tax increase impacts true affordability. When evaluating FHA loan options with PMI and taxes in Wilkes County, GA, this data confirms a stable owner-occupied market, ideal for standard homebuyers rather than investors.

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.