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Roane County FHA Loan Calculator

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

Loan Details

Roane County, TN Benchmarks

FHA averages
Typical Property Value$303,346
Average Down Payment11.6%
Average Interest Rate6.346%
Effective Tax Rate0.55%
Median Tax Paid$1,223/yr
Tax Growth (Historical)+1.2%
Based on 387 regional loans totaling $100,615,000 (HMDA database).
$
%

$35,188 down · $268,158 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$139 / month

$

Annual premium

$

Per month

%

$114 / month

Estimated Monthly Payment

$2,100/mo

  • Principal & Interest$1,698
  • Property Tax$139
  • Home Insurance$150
  • FHA MIP$114
Amortization · Remaining Balance

Financed Loan Amount

$272,851

Total Interest

$338,348

Total of Payments

$611,199

*Includes financed FHA Upfront MIP of $4,693

Local Market Insights

Roane County FHA Mortgage Overview

In Roane County, the 11.64% average down payment on an FHA loan provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) remains for the loan’s life regardless of equity—ideal for buyers with sub-620 credit. The 88.36% Loan-to-Value ratio confirms this is a low-down-payment market, with 100% of buyers occupying homes as primary residences. The 0.55% effective property tax rate, adjusted upward by 1.2% for inflation, adds roughly $167 annually to monthly costs. When evaluating Roane County FHA loan down payment trends with PMI and taxes, this tax shift modestly impacts true monthly affordability for owner-occupants.

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.