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Chesterfield County FHA Loan Calculator

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

Loan Details

Chesterfield County, SC Benchmarks

FHA averages
Typical Property Value$248,191
Average Down Payment6.7%
Average Interest Rate6.286%
Effective Tax Rate0.41%
Median Tax Paid$487/yr
Tax Growth (Historical)+0.9%
Based on 188 regional loans totaling $42,940,000 (HMDA database).
$
%

$16,629 down · $231,562 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$85 / month

$

Annual premium

$

Per month

%

$98 / month

Estimated Monthly Payment

$1,790/mo

  • Principal & Interest$1,457
  • Property Tax$85
  • Home Insurance$150
  • FHA MIP$98
Amortization · Remaining Balance

Financed Loan Amount

$235,615

Total Interest

$288,853

Total of Payments

$524,468

*Includes financed FHA Upfront MIP of $4,052

Local Market Insights

Chesterfield County FHA Mortgage Overview

In Chesterfield County, the typical FHA homebuyer puts down 6.71% on an average property value of $248,191, making this program highly accessible. However, with a 93.29% Loan-to-Value ratio, mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, which is ideal for buyers with sub-620 credit scores. The effective property tax rate is a low 0.41%, and the recent inflation-adjusted tax change of 0.9% minimally impacts monthly affordability. When analyzing an FHA loan with PMI and taxes in Chesterfield County, SC, or using an FHA mortgage tool with property taxes, remember that these costs are fixed for the loan term, unlike conventional loans where PMI can be cancelled. All data reflects owner-occupied purchases, not investment properties.

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.