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Sullivan County FHA Loan Calculator

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

Loan Details

Sullivan County, TN Benchmarks

FHA averages
Typical Property Value$260,541
Average Down Payment11.9%
Average Interest Rate6.354%
Effective Tax Rate0.59%
Median Tax Paid$1,234/yr
Tax Growth (Historical)-0.7%
Based on 898 regional loans totaling $198,700,000 (HMDA database).
$
%

$31,004 down · $229,537 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$128 / month

$

Annual premium

$

Per month

%

$97 / month

Estimated Monthly Payment

$1,829/mo

  • Principal & Interest$1,453
  • Property Tax$128
  • Home Insurance$150
  • FHA MIP$97
Amortization · Remaining Balance

Financed Loan Amount

$233,554

Total Interest

$289,618

Total of Payments

$523,171

*Includes financed FHA Upfront MIP of $4,017

Local Market Insights

Sullivan County FHA Mortgage Overview

For Sullivan County homebuyers, the 11.91% average down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life regardless of equity. The 88.09% Loan-to-Value ratio confirms this data reflects owner-occupied purchases, not investments, ideal for those with sub-620 credit. With an effective property tax rate of 0.59% and a recent -0.7% inflation-adjusted tax decrease, monthly affordability is slightly improved. When evaluating an FHA loan down payment with PMI and taxes in Sullivan County, TN, these local loan limits and tax impacts shape true housing costs.

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.