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Caroline County FHA Loan Calculator

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

Loan Details

Caroline County, VA Benchmarks

FHA averages
Typical Property Value$367,190
Average Down Payment8.3%
Average Interest Rate6.152%
Effective Tax Rate0.50%
Median Tax Paid$1,597/yr
Tax Growth (Historical)-2.3%
Based on 452 regional loans totaling $149,420,000 (HMDA database).
$
%

$30,477 down · $336,713 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$153 / month

$

Annual premium

$

Per month

%

$143 / month

Estimated Monthly Payment

$2,533/mo

  • Principal & Interest$2,087
  • Property Tax$153
  • Home Insurance$150
  • FHA MIP$143
Amortization · Remaining Balance

Financed Loan Amount

$342,606

Total Interest

$408,804

Total of Payments

$751,410

*Includes financed FHA Upfront MIP of $5,892

Local Market Insights

Caroline County FHA Mortgage Overview

In Caroline County, an FHA loan with an 8.35% down payment offers accessible entry, though the 91.65% LTV ratio means mandatory Mortgage Insurance Premiums (MIP) for the loan's life. This is ideal for buyers prioritizing low upfront costs over long-term MIP removal. The 0.50% property tax rate, with a recent -2.3% inflation-adjusted shift, provides slight monthly relief. For accurate affordability, a Caroline County FHA mortgage calculator with property taxes should include these fixed MIP costs alongside the $367,190 average property value and 6.152% rate, ensuring your FHA loan down payment strategy aligns with total tax impacts.

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.