Local · FHA Loan
Estimate your true cost of homeownership in Comer with localized property taxes, insurance, and utility data.
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Used with your down payment to fetch a live, scenario-specific rate.
FHA charges MIP regardless of down payment; UFMIP is financed into the loan.
One-time costs to open your FHA loan.
Loan balance and total interest paid over 30 years.
An FHA buyer in Comer, GA borrowing $245,300 (with 3.5% down on a median $254,197 home) pays an upfront mortgage insurance premium (MIP) of $4,293 — equal to 1.75% of the base loan amount. This upfront MIP is typically financed into the loan balance rather than paid at closing, increasing the total loan amount to approximately $249,593.
For a typical FHA loan in Comer, GA with a base loan amount of $245,300, the annual MIP rate is 0.55% — adding approximately $112/month to the required payment. This monthly MIP is separate from principal, interest, property taxes, and homeowners insurance.
Unlike conventional PMI — which automatically cancels at 80% LTV under the Homeowners Protection Act — FHA annual MIP on loans with less than 10% down does not fall off. For FHA buyers in Comer, GA putting 3.5% down, this means ongoing monthly MIP payments of approximately $112/month for the life of the loan. To eliminate MIP, borrowers must refinance into a conventional loan once they reach 20% equity, or put 10%+ down at origination (MIP then cancels after 11 years).
The 2025 FHA loan limit for Comer, GA is $616,400 for a 1-unit property. A typical buyer purchasing the median-priced home here (approximately $254,197) with 3.5% down would have a base loan amount of approximately $245,300, which falls within the local FHA limit — making FHA financing an accessible option for eligible buyers.
Beyond principal and interest, FHA buyers in Comer, GA with a median $254,197 home can expect approximately $2,028/yr in property taxes, $789/yr for homeowners insurance, $2,393/yr in energy utilities, and $112/mo in FHA mortgage insurance (MIP). Together, these non-P&I costs add approximately $546/month to the required payment in Comer, GA.