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Madison County FHA Loan Calculator

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

Loan Details

Madison County, TN Benchmarks

FHA averages
Typical Property Value$259,180
Average Down Payment11.2%
Average Interest Rate6.216%
Effective Tax Rate0.60%
Median Tax Paid$1,185/yr
Tax Growth (Historical)-1.0%
Based on 500 regional loans totaling $112,840,000 (HMDA database).
$
%

$29,028 down · $230,152 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$130 / month

$

Annual premium

$

Per month

%

$98 / month

Estimated Monthly Payment

$1,814/mo

  • Principal & Interest$1,437
  • Property Tax$130
  • Home Insurance$150
  • FHA MIP$98
Amortization · Remaining Balance

Financed Loan Amount

$234,179

Total Interest

$283,255

Total of Payments

$517,434

*Includes financed FHA Upfront MIP of $4,028

Local Market Insights

Madison County FHA Mortgage Overview

For Madison County homebuyers using an FHA loan, the 11.17% average down payment provides accessible entry, but note that Mortgage Insurance Premiums (MIP) is required for the loan’s entire life—unavoidable even with this equity. The 88.83% Loan-to-Value ratio reflects strong primary occupancy (100%), lowering risk. At a 0.60% effective property tax rate with a -1.0% inflation-adjusted decrease, monthly affordability improves slightly. When evaluating an FHA loan down payment in Madison County, TN, remember the 6.216% average interest rate and $259,180 property value, making an FHA mortgage with property taxes a stable choice for owner-occupants, especially those with sub-620 credit scores.

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.