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Fairfax County FHA Loan Calculator

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

Loan Details

Fairfax County, VA Benchmarks

FHA averages
Typical Property Value$628,672
Average Down Payment13.1%
Average Interest Rate6.136%
Effective Tax Rate0.95%
Median Tax Paid$7,368/yr
Tax Growth (Historical)+1.1%
Based on 915 regional loans totaling $484,565,000 (HMDA database).
$
%

$82,356 down · $546,316 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$498 / month

$

Annual premium

$

Per month

%

$232 / month

Estimated Monthly Payment

$4,262/mo

  • Principal & Interest$3,383
  • Property Tax$498
  • Home Insurance$150
  • FHA MIP$232
Amortization · Remaining Balance

Financed Loan Amount

$555,876

Total Interest

$661,988

Total of Payments

$1,217,865

*Includes financed FHA Upfront MIP of $9,561

Local Market Insights

Fairfax County FHA Mortgage Overview

Fairfax County's FHA buyers are leveraging a 13.13% down payment on an average $628,672 property, which keeps monthly costs manageable but triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—a key factor when using an FHA loan calculator with PMI and taxes in Fairfax County, VA. The 86.87% loan-to-value ratio reflects strong entry accessibility, ideal for those with sub-620 credit. However, the effective 0.95% property tax rate, adjusted upward by 1.1% for inflation, adds roughly $583 monthly tax burden, significantly impacting true affordability. For buyers exploring Fairfax County FHA loan limits and tax implications, this data underscores that while down payment requirements are lower, the permanent MIP and rising taxes demand careful budget planning for owner-occupied homes.

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.