Amelia County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Amelia County, VA Benchmarks

FHA averages

Typical Property Value$327,561

Average Down Payment9.9%

Average Interest Rate6.348%

Effective Tax Rate0.43%

Median Tax Paid$1,079/yr

Tax Growth (Historical)+1.2%

Based on 82 regional loans totaling $23,380,000 (HMDA database).

Home Price

Down Payment

$32,429 down · $295,132 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$117 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$125 / month

Estimated Monthly Payment

$2,261/mo

Principal & Interest$1,869
Property Tax$117
Home Insurance$150
FHA MIP$125

Amortization · Remaining Balance

Financed Loan Amount

$300,297

Total Interest

$372,383

Total of Payments

$672,680

*Includes financed FHA Upfront MIP of $5,165

Local Market Insights

Amelia County FHA Mortgage Overview

For homebuyers in Amelia County, the FHA loan data reveals an accessible market with a 9.95% down payment on an average property value of $327,560.98. This low entry point is ideal, but note that the 90.05% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of equity buildup. The 6.348% interest rate, combined with a low 0.43% effective property tax rate and a modest 1.2% inflation-adjusted tax increase, keeps monthly costs manageable. This data reflects 100% owner-occupied purchases, confirming these are standard homebuyers rather than investors, making an FHA loan with PMI and taxes in Amelia County, VA a practical choice for those seeking predictable primary residence financing.

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.