Buckingham County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Buckingham County, VA Benchmarks

FHA averages

Typical Property Value$260,773

Average Down Payment13.4%

Average Interest Rate6.418%

Effective Tax Rate0.48%

Median Tax Paid$906/yr

Tax Growth (Historical)+0.6%

Based on 97 regional loans totaling $20,985,000 (HMDA database).

Home Price

Down Payment

$34,944 down · $225,829 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

$104 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$96 / month

Estimated Monthly Payment

$1,790/mo

Principal & Interest$1,440
Property Tax$104
Home Insurance$150
FHA MIP$96

Amortization · Remaining Balance

Financed Loan Amount

$229,781

Total Interest

$288,729

Total of Payments

$518,510

*Includes financed FHA Upfront MIP of $3,952

Local Market Insights

Buckingham County FHA Mortgage Overview

In Buckingham County, the 13.36% average down payment on an FHA loan provides accessible entry, yet the 86.64% loan-to-value ratio confirms mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, regardless of equity. This is ideal for buyers with sub-620 credit seeking primary residences. The 0.48% property tax rate and recent 0.6% inflation-adjusted shift keep monthly costs stable. When evaluating an FHA loan with PMI and taxes in Buckingham County, VA, note that the average $260,773 property value at 6.418% interest makes this market affordable for owner-occupants.

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.