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Oakdale FHA Mortgage Calculator

Estimate your true cost of homeownership in Oakdale with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$1,525
P&I Payment$1,111
Taxes & Ins$162
Utilities$171
Also calculate:Conventional CalculatorVA Calculator

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Mortgage Details

$179,080
Local Median: $179,080
$6,268 (3.5%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Mortgage Insurance (MIP)$81/mo
Upfront MIP (UFMIP) (financed)$3,024

FHA charges MIP regardless of down payment; UFMIP is financed into the loan.

Upfront costs

One-time costs to open your FHA loan.

Down payment (cash)
$6,268
3.5% of price
Upfront MIP (UFMIP)
$3,024
1.75% · financed into loan
Financed loan amount
$175,836
incl. UFMIP
Monthly$1,525

Monthly Breakdown

Principal & Interest
$1,111
Property Taxes
$68
Homeowners Ins.
$94
Mortgage Insurance (MIP)
$81
Utilities
$171

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$224,269

Local Housing Facts for Oakdale

  • ·Median home value: $179,080 (adjusted for current market conditions)
  • ·Est. property taxes: $819/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,127/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,052/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

What is the FHA upfront mortgage insurance premium (MIP) for a home in Oakdale, TN?

An FHA buyer in Oakdale, TN borrowing $172,812 (with 3.5% down on a median $179,080 home) pays an upfront mortgage insurance premium (MIP) of $3,024 — 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 $175,836.

How much is the monthly FHA mortgage insurance in Oakdale, TN?

For a typical FHA loan in Oakdale, TN with a base loan amount of $172,812, the annual MIP rate is 0.55% — adding approximately $79/month to the required payment. This monthly MIP is separate from principal, interest, property taxes, and homeowners insurance.

Does FHA mortgage insurance go away in Oakdale, TN?

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 Oakdale, TN putting 3.5% down, this means ongoing monthly MIP payments of approximately $79/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).

Am I eligible for FHA financing in Oakdale, TN?

The 2025 FHA loan limit for Oakdale, TN is $541,287 for a 1-unit property. A typical buyer purchasing the median-priced home here (approximately $179,080) with 3.5% down would have a base loan amount of approximately $172,812, which falls within the local FHA limit — making FHA financing an accessible option for eligible buyers.

What is the true all-in monthly cost of owning an FHA-financed home in Oakdale, TN?

Beyond principal and interest, FHA buyers in Oakdale, TN with a median $179,080 home can expect approximately $819/yr in property taxes, $1,127/yr for homeowners insurance, $2,052/yr in energy utilities, and $79/mo in FHA mortgage insurance (MIP). Together, these non-P&I costs add approximately $412/month to the required payment in Oakdale, TN.