Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Virginia>Bristol city (FHA)

Bristol City FHA Loan Calculator

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

Loan Details

Bristol city, VA Benchmarks

FHA averages
Typical Property Value$215,549
Average Down Payment9.4%
Average Interest Rate6.378%
Effective Tax Rate0.72%
Median Tax Paid$1,387/yr
Tax Growth (Historical)+4.0%
Based on 91 regional loans totaling $17,425,000 (HMDA database).
$
%

$20,262 down · $195,287 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$129 / month

$

Annual premium

$

Per month

%

$83 / month

Estimated Monthly Payment

$1,602/mo

  • Principal & Interest$1,240
  • Property Tax$129
  • Home Insurance$150
  • FHA MIP$83
Amortization · Remaining Balance

Financed Loan Amount

$198,705

Total Interest

$247,807

Total of Payments

$446,512

*Includes financed FHA Upfront MIP of $3,418

Local Market Insights

Bristol city FHA Mortgage Overview

For Bristol city homebuyers, the 9.45% down payment on an FHA loan offers accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of equity, ideal for those with sub-620 credit. The 90.55% LTV and 100% primary occupancy confirm this is owner-occupied housing. With a 0.72% effective property tax rate and a 4.0% inflation-adjusted increase, monthly affordability is impacted. When evaluating an FHA loan down payment in Bristol city, VA, or using a Bristol city FHA mortgage tool with property taxes, factor in these permanent MIP costs against the $215,549 average property value.

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.