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Carroll County FHA Loan Calculator

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

Loan Details

Carroll County, TN Benchmarks

FHA averages
Typical Property Value$210,868
Average Down Payment12.2%
Average Interest Rate6.254%
Effective Tax Rate0.50%
Median Tax Paid$821/yr
Tax Growth (Historical)-1.6%
Based on 121 regional loans totaling $21,385,000 (HMDA database).
$
%

$25,726 down · $185,142 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$88 / month

$

Annual premium

$

Per month

%

$78 / month

Estimated Monthly Payment

$1,476/mo

  • Principal & Interest$1,160
  • Property Tax$88
  • Home Insurance$150
  • FHA MIP$78
Amortization · Remaining Balance

Financed Loan Amount

$188,382

Total Interest

$229,182

Total of Payments

$417,564

*Includes financed FHA Upfront MIP of $3,240

Local Market Insights

Carroll County FHA Mortgage Overview

For Carroll County homebuyers, the 12.18% average down payment on FHA loans provides accessible entry, but this comes with mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, regardless of equity. The 87.82% loan-to-value ratio confirms most buyers are using this low-down-payment path, ideal for those with sub-620 credit. With an effective property tax rate of 0.50% and a recent inflation-adjusted tax decrease of -1.6%, monthly affordability is slightly improved. When analyzing an FHA loan with PMI and taxes in Carroll County, TN, these factors directly impact your true monthly cost, especially since 100% of purchases are primary residences.

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.