Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Tennessee>Union County (FHA)

Union County FHA Loan Calculator

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

Loan Details

Union County, TN Benchmarks

FHA averages
Typical Property Value$295,588
Average Down Payment12.5%
Average Interest Rate6.317%
Effective Tax Rate0.27%
Median Tax Paid$752/yr
Tax Growth (Historical)+1.3%
Based on 153 regional loans totaling $38,275,000 (HMDA database).
$
%

$36,949 down · $258,640 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$67 / month

$

Annual premium

$

Per month

%

$110 / month

Estimated Monthly Payment

$1,959/mo

  • Principal & Interest$1,632
  • Property Tax$67
  • Home Insurance$150
  • FHA MIP$110
Amortization · Remaining Balance

Financed Loan Amount

$263,166

Total Interest

$324,483

Total of Payments

$587,648

*Includes financed FHA Upfront MIP of $4,526

Local Market Insights

Union County FHA Mortgage Overview

For Union County homebuyers, the 12.54% average down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of the down payment size. This is ideal for buyers with sub-620 credit scores, as it allows financing with a high 87.46% Loan-to-Value (LTV) ratio. With a low 0.27% effective property tax rate and a modest 1.3% inflation-adjusted increase, monthly affordability remains stable. When evaluating an FHA loan down payment in Union County, Tennessee, factor in the 6.317% average interest rate and property taxes to gauge true 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.