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Jefferson County FHA Loan Calculator

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

Loan Details

Jefferson County, TN Benchmarks

FHA averages
Typical Property Value$312,669
Average Down Payment13.3%
Average Interest Rate6.284%
Effective Tax Rate0.40%
Median Tax Paid$978/yr
Tax Growth (Historical)-4.2%
Based on 369 regional loans totaling $97,045,000 (HMDA database).
$
%

$41,585 down · $271,084 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$104 / month

$

Annual premium

$

Per month

%

$115 / month

Estimated Monthly Payment

$2,073/mo

  • Principal & Interest$1,704
  • Property Tax$104
  • Home Insurance$150
  • FHA MIP$115
Amortization · Remaining Balance

Financed Loan Amount

$275,828

Total Interest

$337,506

Total of Payments

$613,334

*Includes financed FHA Upfront MIP of $4,744

Local Market Insights

Jefferson County FHA Mortgage Overview

For Jefferson County homebuyers, the 13.27% average down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of this equity level. With an 86.73% Loan-to-Value ratio, this data reflects 100% owner-occupied purchases, ideal for those with sub-620 credit scores. The 0.40% effective property tax rate, coupled with a -4.2% inflation-adjusted tax shift, slightly reduces monthly affordability. When assessing a Jefferson County FHA loan with PMI and taxes, the low tax burden helps offset the permanent MIP cost, making these terms viable for first-time buyers.

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.