Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Virginia>Charles City County (FHA)

Charles City County FHA Loan Calculator

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

Loan Details

Charles City County, VA Benchmarks

FHA averages
Typical Property Value$302,442
Average Down Payment14.6%
Average Interest Rate6.302%
Effective Tax Rate0.59%
Median Tax Paid$1,343/yr
Tax Growth (Historical)-3.8%
Based on 43 regional loans totaling $10,865,000 (HMDA database).
$
%

$44,157 down · $258,285 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$149 / month

$

Annual premium

$

Per month

%

$110 / month

Estimated Monthly Payment

$2,035/mo

  • Principal & Interest$1,627
  • Property Tax$149
  • Home Insurance$150
  • FHA MIP$110
Amortization · Remaining Balance

Financed Loan Amount

$262,805

Total Interest

$322,804

Total of Payments

$585,610

*Includes financed FHA Upfront MIP of $4,520

Local Market Insights

Charles City County FHA Mortgage Overview

For Charles City County homebuyers using an FHA loan, the 14.56% average down payment provides accessible entry, but you must carry mandatory Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity. The 85.44% median Loan-to-Value ratio confirms this is a primary occupancy market with no investor flips. The effective 0.59% property tax rate is moderate, and the recent -3.8% inflation-adjusted tax shift slightly lowers your true monthly affordability. When evaluating an FHA loan with PMI and taxes in Charles City County, Virginia, these factors keep monthly costs predictable for buyers with sub-620 credit scores.

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.