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Buena Vista City FHA Loan Calculator

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

Loan Details

Buena Vista city, VA Benchmarks

FHA averages
Typical Property Value$197,963
Average Down Payment10.7%
Average Interest Rate6.420%
Effective Tax Rate0.88%
Median Tax Paid$1,421/yr
Tax Growth (Historical)-4.5%
Based on 27 regional loans totaling $4,625,000 (HMDA database).
$
%

$21,182 down · $176,781 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$145 / month

$

Annual premium

$

Per month

%

$75 / month

Estimated Monthly Payment

$1,498/mo

  • Principal & Interest$1,127
  • Property Tax$145
  • Home Insurance$150
  • FHA MIP$75
Amortization · Remaining Balance

Financed Loan Amount

$179,875

Total Interest

$226,019

Total of Payments

$405,894

*Includes financed FHA Upfront MIP of $3,094

Local Market Insights

Buena Vista city FHA Mortgage Overview

For Buena Vista city homebuyers, the 10.68% average down payment on FHA loans provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 89.32% median loan-to-value (LTV) ratio. This makes FHA ideal for borrowers with sub-620 credit scores seeking a primary residence. The 0.88% effective property tax rate, coupled with a -4.5% inflation-adjusted tax change, slightly reduces monthly carrying costs, improving true affordability when using an FHA mortgage analysis with property taxes in Buena Vista city, Virginia. All data reflects owner-occupied purchases only.

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.