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Alexandria City FHA Loan Calculator

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

Loan Details

Alexandria city, VA Benchmarks

FHA averages
Typical Property Value$415,270
Average Down Payment10.5%
Average Interest Rate6.250%
Effective Tax Rate0.92%
Median Tax Paid$7,024/yr
Tax Growth (Historical)-1.0%
Based on 112 regional loans totaling $39,860,000 (HMDA database).
$
%

$43,603 down · $371,667 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$318 / month

$

Annual premium

$

Per month

%

$158 / month

Estimated Monthly Payment

$2,954/mo

  • Principal & Interest$2,328
  • Property Tax$318
  • Home Insurance$150
  • FHA MIP$158
Amortization · Remaining Balance

Financed Loan Amount

$378,171

Total Interest

$460,076

Total of Payments

$838,247

*Includes financed FHA Upfront MIP of $6,504

Local Market Insights

Alexandria city FHA Mortgage Overview

For Alexandria city homebuyers using an FHA loan, the 10.48% down payment provides accessible entry, but note that FHA Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of equity. The 89.52% loan-to-value ratio confirms this is a standard owner-occupied purchase. With an average property value of $415,270 and a 6.250% rate, the 0.92% effective property tax rate and recent -1.0% inflation-adjusted tax shift offer slight monthly savings. When evaluating an FHA mortgage with PMI and taxes in Alexandria city, VA, remember these loans are ideal for buyers with sub-620 credit seeking lower down payments.

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.