King and Queen County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

King and Queen County, VA Benchmarks

FHA averages

Typical Property Value$316,587

Average Down Payment11.2%

Average Interest Rate6.466%

Effective Tax Rate0.45%

Median Tax Paid$1,209/yr

Tax Growth (Historical)-7.0%

Based on 63 regional loans totaling $16,485,000 (HMDA database).

Home Price

Down Payment

$35,458 down · $281,129 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$119 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$119 / month

Estimated Monthly Payment

$2,190/mo

Principal & Interest$1,802
Property Tax$119
Home Insurance$150
FHA MIP$119

Amortization · Remaining Balance

Financed Loan Amount

$286,049

Total Interest

$362,809

Total of Payments

$648,858

*Includes financed FHA Upfront MIP of $4,920

Local Market Insights

King and Queen County FHA Mortgage Overview

King and Queen County’s FHA buyers are leveraging an 11.22% down payment with an 88.78% loan-to-value ratio, providing accessible entry but requiring mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for those with sub-620 credit. The 0.45% effective property tax rate, with a recent -7.0% inflation-adjusted shift, eases monthly affordability. All loans reflect owner-occupied primary residences, not investments. For precise FHA loan limits and property tax impacts in King and Queen County, VA, this data clarifies true monthly costs.

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.