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Smyth County FHA Loan Calculator

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

Loan Details

Smyth County, VA Benchmarks

FHA averages
Typical Property Value$190,116
Average Down Payment10.5%
Average Interest Rate6.367%
Effective Tax Rate0.54%
Median Tax Paid$805/yr
Tax Growth (Historical)+1.9%
Based on 86 regional loans totaling $14,460,000 (HMDA database).
$
%

$19,962 down · $170,154 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$86 / month

$

Annual premium

$

Per month

%

$72 / month

Estimated Monthly Payment

$1,387/mo

  • Principal & Interest$1,080
  • Property Tax$86
  • Home Insurance$150
  • FHA MIP$72
Amortization · Remaining Balance

Financed Loan Amount

$173,132

Total Interest

$215,506

Total of Payments

$388,638

*Includes financed FHA Upfront MIP of $2,978

Local Market Insights

Smyth County FHA Mortgage Overview

In Smyth County, the typical FHA buyer puts 10.48% down on a $190,116 home, providing accessible entry. However, with an 89.52% loan-to-value ratio, the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life, a key factor for those exploring FHA loan down payment options. The 0.54% effective property tax rate, adjusted upward by 1.9% for inflation, adds roughly $86 monthly to true affordability. All buyers here are owner-occupants, making this data directly relevant for your Smyth County FHA mortgage planning with property taxes.

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.