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Washington County FHA Loan Calculator

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

Loan Details

Washington County, TN Benchmarks

FHA averages
Typical Property Value$298,811
Average Down Payment13.9%
Average Interest Rate6.301%
Effective Tax Rate0.56%
Median Tax Paid$1,302/yr
Tax Growth (Historical)-1.2%
Based on 475 regional loans totaling $117,955,000 (HMDA database).
$
%

$41,535 down · $257,276 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$139 / month

$

Annual premium

$

Per month

%

$109 / month

Estimated Monthly Payment

$2,019/mo

  • Principal & Interest$1,620
  • Property Tax$139
  • Home Insurance$150
  • FHA MIP$109
Amortization · Remaining Balance

Financed Loan Amount

$261,779

Total Interest

$321,543

Total of Payments

$583,322

*Includes financed FHA Upfront MIP of $4,502

Local Market Insights

Washington County FHA Mortgage Overview

For Washington County homebuyers using an FHA loan, the 13.86% down payment provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of equity, as the median loan-to-value ratio is 86.14%. This data reflects 100% primary residences, not investments. The effective property tax rate of 0.56% and a recent inflation-adjusted tax decrease of -1.2% slightly reduce monthly costs, improving affordability for those exploring FHA loan limits and tax scenarios in Washington County, Tennessee.

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.