Montgomery County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Montgomery County, VA Benchmarks

FHA averages

Typical Property Value$308,966

Average Down Payment11.7%

Average Interest Rate6.341%

Effective Tax Rate0.82%

Median Tax Paid$2,249/yr

Tax Growth (Historical)+0.4%

Based on 179 regional loans totaling $47,195,000 (HMDA database).

Home Price

Down Payment

$36,149 down · $272,817 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

$211 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$116 / month

Estimated Monthly Payment

$2,202/mo

Principal & Interest$1,725
Property Tax$211
Home Insurance$150
FHA MIP$116

Amortization · Remaining Balance

Financed Loan Amount

$277,591

Total Interest

$343,574

Total of Payments

$621,165

*Includes financed FHA Upfront MIP of $4,774

Local Market Insights

Montgomery County FHA Mortgage Overview

For Montgomery County homebuyers utilizing an FHA loan, the 11.73% weighted average down payment provides accessible entry, though it triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for those with sub-620 credit scores. The 88.27% median loan-to-value (LTV) ratio confirms this is a low-equity, owner-occupied market (100% primary occupancy). With an effective property tax rate of 0.82% and a 0.4% inflation-adjusted tax shift, true monthly affordability is modestly pressured, so a thorough FHA loan analysis with PMI and taxes in Montgomery County, VA is essential. Understanding Montgomery County FHA loan limits and property taxes helps you gauge long-term 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.