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Tazewell County FHA Loan Calculator

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

Loan Details

Tazewell County, VA Benchmarks

FHA averages
Typical Property Value$187,759
Average Down Payment7.9%
Average Interest Rate6.430%
Effective Tax Rate0.61%
Median Tax Paid$728/yr
Tax Growth (Historical)-1.6%
Based on 145 regional loans totaling $24,805,000 (HMDA database).
$
%

$14,833 down · $172,926 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$95 / month

$

Annual premium

$

Per month

%

$73 / month

Estimated Monthly Payment

$1,423/mo

  • Principal & Interest$1,104
  • Property Tax$95
  • Home Insurance$150
  • FHA MIP$73
Amortization · Remaining Balance

Financed Loan Amount

$175,952

Total Interest

$221,506

Total of Payments

$397,458

*Includes financed FHA Upfront MIP of $3,026

Local Market Insights

Tazewell County FHA Mortgage Overview

In Tazewell County, the 7.90% average down payment on FHA loans provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan's life, as the 92.10% LTV ratio confirms. This FHA structure, ideal for buyers with sub-620 credit, pairs with a 0.61% property tax rate. The -1.6% inflation-adjusted tax shift slightly reduces monthly carrying costs. For a true picture of Tazewell County FHA mortgage costs with property taxes, the 6.43% interest rate on a $187,759 home means MIP and taxes are permanent factors. All data reflects owner-occupied purchases, not investments.

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.