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Dinwiddie County FHA Loan Calculator

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

Loan Details

Dinwiddie County, VA Benchmarks

FHA averages
Typical Property Value$309,311
Average Down Payment12.4%
Average Interest Rate6.239%
Effective Tax Rate0.58%
Median Tax Paid$1,409/yr
Tax Growth (Historical)-7.5%
Based on 226 regional loans totaling $59,640,000 (HMDA database).
$
%

$38,355 down · $270,956 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$150 / month

$

Annual premium

$

Per month

%

$115 / month

Estimated Monthly Payment

$2,110/mo

  • Principal & Interest$1,696
  • Property Tax$150
  • Home Insurance$150
  • FHA MIP$115
Amortization · Remaining Balance

Financed Loan Amount

$275,698

Total Interest

$334,764

Total of Payments

$610,462

*Includes financed FHA Upfront MIP of $4,742

Local Market Insights

Dinwiddie County FHA Mortgage Overview

For Dinwiddie County homebuyers utilizing an FHA loan, the 12.39% down payment provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan due to the 87.61% loan-to-value ratio. This FHA structure, ideal for those with sub-620 credit, pairs with a low effective property tax rate of 0.58%. The recent -7.5% inflation-adjusted tax change further reduces monthly burdens, improving affordability when analyzing an FHA mortgage with property taxes. All data reflects owner-occupied primary residences, ensuring standard homebuyer insights.

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.