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Hampton City FHA Loan Calculator

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

Loan Details

Hampton city, VA Benchmarks

FHA averages
Typical Property Value$288,773
Average Down Payment8.9%
Average Interest Rate6.297%
Effective Tax Rate0.97%
Median Tax Paid$2,327/yr
Tax Growth (Historical)-0.1%
Based on 652 regional loans totaling $168,040,000 (HMDA database).
$
%

$25,701 down · $263,072 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$233 / month

$

Annual premium

$

Per month

%

$112 / month

Estimated Monthly Payment

$2,152/mo

  • Principal & Interest$1,657
  • Property Tax$233
  • Home Insurance$150
  • FHA MIP$112
Amortization · Remaining Balance

Financed Loan Amount

$267,676

Total Interest

$328,787

Total of Payments

$596,463

*Includes financed FHA Upfront MIP of $4,604

Local Market Insights

Hampton city FHA Mortgage Overview

For Hampton city homebuyers, the FHA loan data reveals a market focused on accessible entry. With an average down payment of 8.91% and a high 91.09% loan-to-value ratio, buyers are leveraging the program’s low barrier to entry. However, this means mandatory Mortgage Insurance Premiums (MIP) remain for the life of the loan—ideal for those with sub-620 credit. The 0.97% effective property tax rate, slightly declining by -0.1% after inflation, offers modest monthly relief. When evaluating an FHA mortgage with property taxes in Hampton city, VA, remember that MIP and taxes are permanent fixtures of your payment. This data reflects 100% owner-occupied purchases, not investment properties.

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.