Southampton County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Southampton County, VA Benchmarks

FHA averages

Typical Property Value$291,542

Average Down Payment14.0%

Average Interest Rate6.359%

Effective Tax Rate0.76%

Median Tax Paid$1,418/yr

Tax Growth (Historical)-0.3%

Based on 107 regional loans totaling $26,145,000 (HMDA database).

Home Price

Down Payment

$40,816 down · $250,726 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

$185 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$106 / month

Estimated Monthly Payment

$2,030/mo

Principal & Interest$1,589
Property Tax$185
Home Insurance$150
FHA MIP$106

Amortization · Remaining Balance

Financed Loan Amount

$255,114

Total Interest

$316,954

Total of Payments

$572,067

*Includes financed FHA Upfront MIP of $4,388

Local Market Insights

Southampton County FHA Mortgage Overview

Southampton County homebuyers using an FHA loan with a 14.01% down payment benefit from accessible entry, but must account for mandatory Mortgage Insurance Premiums (MIP) for the loan’s life due to the 85.99% LTV. This is ideal for primary residences with sub-620 credit scores. The 0.76% property tax rate, with a recent -0.3% inflation-adjusted decrease, provides slight monthly affordability relief. When evaluating an FHA loan with PMI and taxes in Southampton County, VA, these factors directly shape 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.