Carroll County FHA Loan Calculator

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

Loan Details

Baseline

Rates

Taxes & Ins.

DTI

US County (Smart Autofill)

Loan Type

Credit Score (FICO)

Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Carroll County, VA Benchmarks

FHA averages

Typical Property Value$221,087

Average Down Payment11.9%

Average Interest Rate6.385%

Effective Tax Rate0.54%

Home Price

Down Payment

$26,309 down · $194,778 financed

Estimated Monthly Payment

$1,569/mo

Principal & Interest$1,237
Property Tax$99
Home Insurance$150
FHA MIP$83

Amortization · Remaining Balance

Financed Loan Amount

$198,186

Total Interest

$247,160

Total of Payments

$445,346

*Includes financed FHA Upfront MIP of $3,409

Local Market Insights

Carroll County FHA Mortgage Overview

In Carroll County, the 11.86% average down payment on an FHA loan provides accessible entry for owner-occupants (100% primary residence rate). However, with an 88.14% LTV ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, making this ideal for buyers with sub-620 credit. The 0.54% effective property tax rate is moderate, and the recent -6.0% inflation-adjusted tax shift lowers true monthly affordability. When evaluating an FHA loan with PMI and taxes in Carroll County, VA, remember that property taxes on a $221,086.96 home are roughly $99 monthly, while the 6.385% rate and permanent MIP increase carrying costs.

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.