Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Tennessee>Lawrence County (FHA)

Lawrence County FHA Loan Calculator

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

Loan Details

Lawrence County, TN Benchmarks

FHA averages
Typical Property Value$276,163
Average Down Payment10.5%
Average Interest Rate6.293%
Effective Tax Rate0.47%
Median Tax Paid$1,021/yr
Tax Growth (Historical)+5.4%
Based on 258 regional loans totaling $62,280,000 (HMDA database).
$
%

$28,997 down · $247,166 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$108 / month

$

Annual premium

$

Per month

%

$105 / month

Estimated Monthly Payment

$1,918/mo

  • Principal & Interest$1,555
  • Property Tax$108
  • Home Insurance$150
  • FHA MIP$105
Amortization · Remaining Balance

Financed Loan Amount

$251,491

Total Interest

$308,317

Total of Payments

$559,809

*Includes financed FHA Upfront MIP of $4,325

Local Market Insights

Lawrence County FHA Mortgage Overview

For Lawrence County homebuyers, the 10.47% down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life regardless of equity. With a 89.53% loan-to-value ratio, this data reflects owner-occupied purchases. The 0.47% effective property tax rate, adjusted upward by 5.4% for inflation, directly impacts monthly affordability. When evaluating an FHA loan with PMI and taxes in Lawrence County, TN, or reviewing FHA down payment options, this market favors buyers with sub-620 credit scores seeking 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.