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Dickenson County FHA Loan Calculator

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

Loan Details

Dickenson County, VA Benchmarks

FHA averages
Typical Property Value$168,600
Average Down Payment10.4%
Average Interest Rate6.357%
Effective Tax Rate0.51%
Median Tax Paid$480/yr
Tax Growth (Historical)-7.4%
Based on 25 regional loans totaling $3,685,000 (HMDA database).
$
%

$17,534 down · $151,066 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$72 / month

$

Annual premium

$

Per month

%

$64 / month

Estimated Monthly Payment

$1,243/mo

  • Principal & Interest$957
  • Property Tax$72
  • Home Insurance$150
  • FHA MIP$64
Amortization · Remaining Balance

Financed Loan Amount

$153,709

Total Interest

$190,969

Total of Payments

$344,678

*Includes financed FHA Upfront MIP of $2,644

Local Market Insights

Dickenson County FHA Mortgage Overview

For Dickenson County homebuyers, FHA financing remains the dominant path, with a 10.44% down payment and a low 0.51% effective tax rate reducing monthly costs. However, the 89.56% median LTV means mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life—ideal for those with sub-620 credit seeking owner-occupied entry. The -7.4% inflation-adjusted tax change slightly improves affordability. When evaluating a Dickenson County FHA loan with PMI and taxes, the $168,600 average property value keeps monthly payments manageable, though the 6.357% rate and permanent MIP require careful budgeting for long-term cost.

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.