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Harrisonburg City FHA Loan Calculator

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

Loan Details

Harrisonburg city, VA Benchmarks

FHA averages
Typical Property Value$320,541
Average Down Payment8.3%
Average Interest Rate6.194%
Effective Tax Rate0.74%
Median Tax Paid$2,281/yr
Tax Growth (Historical)+1.9%
Based on 74 regional loans totaling $21,250,000 (HMDA database).
$
%

$26,605 down · $293,936 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$198 / month

$

Annual premium

$

Per month

%

$125 / month

Estimated Monthly Payment

$2,302/mo

  • Principal & Interest$1,830
  • Property Tax$198
  • Home Insurance$150
  • FHA MIP$125
Amortization · Remaining Balance

Financed Loan Amount

$299,080

Total Interest

$359,659

Total of Payments

$658,739

*Includes financed FHA Upfront MIP of $5,144

Local Market Insights

Harrisonburg city FHA Mortgage Overview

For a typical Harrisonburg city homebuyer using an FHA loan, the 8.27% average down payment and 91.73% loan-to-value ratio provide accessible entry but lock in mandatory Mortgage Insurance Premiums for the loan’s life—ideal for those with sub-620 credit. The 0.74% effective property tax rate, adjusted upward by 1.9% for inflation, adds roughly $198 annually to true monthly costs. When evaluating an FHA loan with PMI and taxes in Harrisonburg city, VA, or assessing FHA loan limits and tax implications, this data confirms a stable owner-occupied market where the lower down payment outweighs the permanent MIP burden.

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.