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Chesterfield County FHA Loan Calculator

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

Loan Details

Chesterfield County, VA Benchmarks

FHA averages
Typical Property Value$401,218
Average Down Payment9.9%
Average Interest Rate6.122%
Effective Tax Rate0.75%
Median Tax Paid$2,773/yr
Tax Growth (Historical)+2.0%
Based on 1,963 regional loans totaling $693,105,000 (HMDA database).
$
%

$39,721 down · $361,497 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$251 / month

$

Annual premium

$

Per month

%

$153 / month

Estimated Monthly Payment

$2,788/mo

  • Principal & Interest$2,234
  • Property Tax$251
  • Home Insurance$150
  • FHA MIP$153
Amortization · Remaining Balance

Financed Loan Amount

$367,824

Total Interest

$436,325

Total of Payments

$804,149

*Includes financed FHA Upfront MIP of $6,326

Local Market Insights

Chesterfield County FHA Mortgage Overview

In Chesterfield County, the 9.87% average down payment on FHA loans provides accessible entry, but you must factor in mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, given the 90.13% median LTV. This data, reflecting 100% owner-occupied buyers, is ideal for those with sub-620 credit. The 0.75% effective property tax rate, adjusted upward by 2.0% for inflation, adds a predictable monthly cost. When evaluating Chesterfield County FHA loan limits and tax impacts, remember that MIP and rising taxes directly affect true monthly affordability for primary residences.

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.