Surry County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Surry County, NC Benchmarks

FHA averages

Typical Property Value$279,708

Average Down Payment15.2%

Average Interest Rate6.398%

Effective Tax Rate0.59%

Median Tax Paid$1,071/yr

Tax Growth (Historical)+0.6%

Based on 274 regional loans totaling $61,590,000 (HMDA database).

Home Price

Down Payment

$42,516 down · $237,192 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

$138 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$101 / month

Estimated Monthly Payment

$1,898/mo

Principal & Interest$1,510
Property Tax$138
Home Insurance$150
FHA MIP$101

Amortization · Remaining Balance

Financed Loan Amount

$241,343

Total Interest

$302,119

Total of Payments

$543,462

*Includes financed FHA Upfront MIP of $4,151

Local Market Insights

Surry County FHA Mortgage Overview

In Surry County, an FHA loan with a 15.16% down payment on a $279,708 property offers accessible entry, but you must factor in mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, given the 84.84% LTV. This structure is ideal for buyers with sub-620 credit seeking a primary residence. The effective property tax rate of 0.59%, with a 0.6% inflation-adjusted increase, modestly impacts monthly affordability. For a full picture of your FHA loan costs with PMI and taxes in Surry County, NC, or to explore Surry County FHA loan limits and property taxes, our interactive tool provides precise estimates.

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.