Marion County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Marion County, TN Benchmarks

FHA averages

Typical Property Value$285,621

Average Down Payment13.0%

Average Interest Rate6.335%

Effective Tax Rate0.39%

Median Tax Paid$833/yr

Tax Growth (Historical)+4.8%

Based on 145 regional loans totaling $34,625,000 (HMDA database).

Home Price

Down Payment

$37,131 down · $248,490 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$93 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$105 / month

Estimated Monthly Payment

$1,918/mo

Principal & Interest$1,570
Property Tax$93
Home Insurance$150
FHA MIP$105

Amortization · Remaining Balance

Financed Loan Amount

$252,839

Total Interest

$312,344

Total of Payments

$565,183

*Includes financed FHA Upfront MIP of $4,349

Local Market Insights

Marion County FHA Mortgage Overview

For Marion County homebuyers, the 13.04% average down payment on an FHA loan offers accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life—a key factor when using an FHA loan calculator with PMI and taxes in Marion County, TN. With a high 86.96% Loan-to-Value (LTV) ratio, buyers carry less equity upfront. The effective 0.39% property tax rate is low, yet the 4.8% inflation-adjusted tax change will slightly raise monthly costs. This data reflects 100% primary residences, not investments, making local FHA loan limits and tax considerations critical for affordability planning.

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.