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Washington County FHA Loan Calculator

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

Loan Details

Washington County, VA Benchmarks

FHA averages
Typical Property Value$263,616
Average Down Payment13.3%
Average Interest Rate6.343%
Effective Tax Rate0.50%
Median Tax Paid$1,065/yr
Tax Growth (Historical)-0.5%
Based on 159 regional loans totaling $35,195,000 (HMDA database).
$
%

$35,061 down · $228,555 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$110 / month

$

Annual premium

$

Per month

%

$97 / month

Estimated Monthly Payment

$1,802/mo

  • Principal & Interest$1,446
  • Property Tax$110
  • Home Insurance$150
  • FHA MIP$97
Amortization · Remaining Balance

Financed Loan Amount

$232,555

Total Interest

$287,832

Total of Payments

$520,387

*Includes financed FHA Upfront MIP of $4,000

Local Market Insights

Washington County FHA Mortgage Overview

In Washington County, the 13.31% average down payment on an FHA loan provides accessible entry for primary residence buyers. However, with an 86.69% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, which is ideal for those with sub-620 credit scores. The effective property tax rate of 0.50% and a recent -0.5% inflation-adjusted tax shift slightly reduce monthly burdens. For accurate budgeting with an FHA loan in Washington County, VA, consider the loan limits and how property taxes affect your true monthly affordability.

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.