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Falls Church City FHA Loan Calculator

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

Loan Details

Falls Church city, VA Benchmarks

FHA averages
Typical Property Value$850,000
Average Down Payment15.7%
Average Interest Rate5.750%
Effective Tax Rate1.15%
Median Tax Paid$10,001/yr
Tax Growth (Historical)%
Based on 2 regional loans totaling $1,420,000 (HMDA database).
$
%

$133,450 down · $716,550 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$815 / month

$

Annual premium

$

Per month

%

$304 / month

Estimated Monthly Payment

$5,523/mo

  • Principal & Interest$4,255
  • Property Tax$815
  • Home Insurance$150
  • FHA MIP$304
Amortization · Remaining Balance

Financed Loan Amount

$729,090

Total Interest

$802,627

Total of Payments

$1,531,717

*Includes financed FHA Upfront MIP of $12,540

Local Market Insights

Falls Church city FHA Mortgage Overview

Falls Church city's FHA market reveals a strategic entry point for owner-occupants. The 15.69% down payment on a $850,000 property, combined with the 84.31% loan-to-value ratio, provides accessible financing. However, this FHA loan requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity. The effective 1.15% property tax rate significantly impacts monthly affordability, especially given the high average value. For buyers seeking an FHA loan with PMI and taxes in Falls Church city, understanding the MIP's permanence is critical. While FHA loan limits apply, this profile suits those prioritizing a lower down payment over long-term MIP 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.