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Culpeper County FHA Loan Calculator

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

Loan Details

Culpeper County, VA Benchmarks

FHA averages
Typical Property Value$477,395
Average Down Payment9.0%
Average Interest Rate6.191%
Effective Tax Rate0.50%
Median Tax Paid$2,141/yr
Tax Growth (Historical)-2.0%
Based on 309 regional loans totaling $131,975,000 (HMDA database).
$
%

$42,966 down · $434,429 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$199 / month

$

Annual premium

$

Per month

%

$184 / month

Estimated Monthly Payment

$3,238/mo

  • Principal & Interest$2,704
  • Property Tax$199
  • Home Insurance$150
  • FHA MIP$184
Amortization · Remaining Balance

Financed Loan Amount

$442,032

Total Interest

$531,567

Total of Payments

$973,599

*Includes financed FHA Upfront MIP of $7,603

Local Market Insights

Culpeper County FHA Mortgage Overview

For Culpeper County homebuyers using an FHA loan, the 9.02% average down payment and 90.98% loan-to-value ratio create accessible entry points. However, this FHA structure mandates Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity buildup—ideal for buyers with sub-620 credit scores. The 0.50% effective property tax rate, combined with a -2.0% inflation-adjusted decrease, slightly improves monthly affordability. When evaluating an FHA loan with PMI and taxes in Culpeper County, VA, note that the average property value of $477,394.82 and 6.191% interest rate mean property taxes will add roughly $199 per month, a modest burden given the recent tax reduction.

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.