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St. John Island FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for St. John Island, Virgin Islands based on real HMDA transaction records.

Loan Details

St. John Island, VI Benchmarks

FHA averages
Typical Property Value$905,000
Average Down Payment5.0%
Average Interest Rate6.375%
Effective Tax Rate%
Median Tax PaidN/A
Tax Growth (Historical)%
Based on 2 regional loans totaling $1,730,000 (HMDA database).
$
%

$45,250 down · $859,750 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$830 / month

$

Annual premium

$

Per month

%

$364 / month

Estimated Monthly Payment

$6,805/mo

  • Principal & Interest$5,460
  • Property Tax$830
  • Home Insurance$150
  • FHA MIP$364
Amortization · Remaining Balance

Financed Loan Amount

$874,796

Total Interest

$1,090,966

Total of Payments

$1,965,761

*Includes financed FHA Upfront MIP of $15,046

Local Market Insights

St. John Island FHA Mortgage Overview

For St. John Island homebuyers utilizing an FHA loan, the 5.00% down payment on a $905,000 property provides accessible entry, but the 95% Loan-to-Value ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan. This makes FHA financing ideal for buyers with lower credit scores, as conventional PMI cannot be cancelled. Since 100% of purchases are primary residences, the effective property tax rate is N/A%, resulting in no tax-driven monthly cost shift. When evaluating an FHA loan with PMI and taxes in St. John Island, VI, or assessing St. John Island FHA loan limits, the fixed MIP remains a permanent cost regardless of equity.

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.