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Franklin County FHA Loan Calculator

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

Loan Details

Franklin County, WA Benchmarks

FHA averages
Typical Property Value$407,546
Average Down Payment7.1%
Average Interest Rate6.183%
Effective Tax Rate0.74%
Median Tax Paid$2,750/yr
Tax Growth (Historical)+1.1%
Based on 436 regional loans totaling $162,320,000 (HMDA database).
$
%

$28,936 down · $378,610 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$251 / month

$

Annual premium

$

Per month

%

$161 / month

Estimated Monthly Payment

$2,916/mo

  • Principal & Interest$2,354
  • Property Tax$251
  • Home Insurance$150
  • FHA MIP$161
Amortization · Remaining Balance

Financed Loan Amount

$385,236

Total Interest

$462,367

Total of Payments

$847,603

*Includes financed FHA Upfront MIP of $6,626

Local Market Insights

Franklin County FHA Mortgage Overview

Franklin County homebuyers using FHA loans are entering the market with a low 7.12% down payment on an average property value of $407,545.87, a strategy that keeps upfront costs manageable. However, with a 92.88% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the entire loan term, a key factor when using an FHA loan calculator with PMI and taxes in Franklin County, WA. The effective property tax rate of 0.74% adds roughly $251 monthly, and with a recent 1.1% inflation-adjusted tax increase, true affordability is tightening. This data, reflecting 100% primary residences, shows that while FHA loan limits in Franklin County support accessible entry for sub-620 credit scores, the long-term MIP burden makes this market ideal for buyers prioritizing low initial cash over long-term monthly cost savings.

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.