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Henry County FHA Loan Calculator

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

Loan Details

Henry County, VA Benchmarks

FHA averages
Typical Property Value$207,832
Average Down Payment10.3%
Average Interest Rate6.371%
Effective Tax Rate0.48%
Median Tax Paid$637/yr
Tax Growth (Historical)+2.3%
Based on 228 regional loans totaling $40,750,000 (HMDA database).
$
%

$21,407 down · $186,425 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$83 / month

$

Annual premium

$

Per month

%

$79 / month

Estimated Monthly Payment

$1,495/mo

  • Principal & Interest$1,183
  • Property Tax$83
  • Home Insurance$150
  • FHA MIP$79
Amortization · Remaining Balance

Financed Loan Amount

$189,688

Total Interest

$236,115

Total of Payments

$425,802

*Includes financed FHA Upfront MIP of $3,262

Local Market Insights

Henry County FHA Mortgage Overview

In Henry County, the 10.25% down payment on an FHA loan provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life, regardless of equity build-up. With a 89.75% loan-to-value ratio and 100% owner-occupancy, this market suits buyers with sub-620 credit scores seeking primary residences. The effective property tax rate of 0.48% is low, but the 2.3% inflation-adjusted tax increase slightly raises monthly costs. For an FHA loan with PMI and taxes in Henry County, VA, understanding these down payment and tax impacts is key to true affordability.

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.