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St. Thomas 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. Thomas Island, Virgin Islands based on real HMDA transaction records.

Loan Details

St. Thomas Island, VI Benchmarks

FHA averages
Typical Property Value$617,857
Average Down Payment10.9%
Average Interest Rate6.622%
Effective Tax Rate%
Median Tax PaidN/A
Tax Growth (Historical)%
Based on 7 regional loans totaling $3,685,000 (HMDA database).
$
%

$67,346 down · $550,511 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$566 / month

$

Annual premium

$

Per month

%

$233 / month

Estimated Monthly Payment

$4,535/mo

  • Principal & Interest$3,585
  • Property Tax$566
  • Home Insurance$150
  • FHA MIP$233
Amortization · Remaining Balance

Financed Loan Amount

$560,145

Total Interest

$730,389

Total of Payments

$1,290,533

*Includes financed FHA Upfront MIP of $9,634

Local Market Insights

St. Thomas Island FHA Mortgage Overview

For St. Thomas Island homebuyers using an FHA loan, the 10.88% weighted average down payment provides accessible entry to a market with an average property value of $617,857.14. However, with a median LTV ratio of 89.12%, mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of the down payment size—ideal for buyers with sub-620 credit scores. This 100% owner-occupied data shows strong local demand. While the effective property tax rate is not available, any future tax shifts will directly impact true monthly affordability when using an FHA loan with PMI and taxes in St. Thomas Island, VI. Understanding St. Thomas Island FHA loan limits is crucial for budgeting.

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.