Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Virginia>Augusta County (FHA)

Augusta County FHA Loan Calculator

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

Loan Details

Augusta County, VA Benchmarks

FHA averages
Typical Property Value$330,000
Average Down Payment11.3%
Average Interest Rate6.344%
Effective Tax Rate0.47%
Median Tax Paid$1,446/yr
Tax Growth (Historical)+1.7%
Based on 315 regional loans totaling $89,095,000 (HMDA database).
$
%

$37,290 down · $292,710 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$129 / month

$

Annual premium

$

Per month

%

$124 / month

Estimated Monthly Payment

$2,255/mo

  • Principal & Interest$1,851
  • Property Tax$129
  • Home Insurance$150
  • FHA MIP$124
Amortization · Remaining Balance

Financed Loan Amount

$297,832

Total Interest

$368,626

Total of Payments

$666,459

*Includes financed FHA Upfront MIP of $5,122

Local Market Insights

Augusta County FHA Mortgage Overview

Augusta County’s FHA market shows an accessible entry point with an 11.31% down payment on a $330,000 property. While this lowers the upfront barrier, mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of the 88.69% loan-to-value ratio. This structure suits buyers with a sub-620 credit score seeking primary residence financing. The 0.47% property tax rate with a 1.7% inflation-adjusted increase keeps monthly costs manageable, but when evaluating an FHA loan with PMI and taxes in Augusta County, VA, the fixed MIP adds a long-term cost. For those using an FHA mortgage with property taxes, the low tax burden partially offsets the permanent MIP, making the true monthly affordability stable.

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.