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Poquoson City FHA Loan Calculator

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

Loan Details

Poquoson city, VA Benchmarks

FHA averages
Typical Property Value$442,083
Average Down Payment6.5%
Average Interest Rate6.255%
Effective Tax Rate0.90%
Median Tax Paid$3,690/yr
Tax Growth (Historical)-1.7%
Based on 48 regional loans totaling $19,810,000 (HMDA database).
$
%

$28,735 down · $413,348 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$332 / month

$

Annual premium

$

Per month

%

$175 / month

Estimated Monthly Payment

$3,246/mo

  • Principal & Interest$2,590
  • Property Tax$332
  • Home Insurance$150
  • FHA MIP$175
Amortization · Remaining Balance

Financed Loan Amount

$420,581

Total Interest

$511,671

Total of Payments

$932,253

*Includes financed FHA Upfront MIP of $7,234

Local Market Insights

Poquoson city FHA Mortgage Overview

In Poquoson City, the average 6.51% down payment on an FHA loan offers accessible entry, but the 93.49% Loan-to-Value ratio confirms mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for buyers with a sub-620 credit score. With a 6.255% interest rate and 0.90% effective property tax rate, true monthly affordability is slightly improved by a -1.7% inflation-adjusted tax shift. All 100% of buyers are purchasing as primary residences. When evaluating an FHA loan with PMI and taxes in Poquoson City, VA, this data highlights that while upfront costs are low, long-term MIP is unavoidable, influencing overall payment stability.

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.