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Frederick County FHA Loan Calculator

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

Loan Details

Frederick County, VA Benchmarks

FHA averages
Typical Property Value$394,331
Average Down Payment10.5%
Average Interest Rate6.179%
Effective Tax Rate0.50%
Median Tax Paid$1,846/yr
Tax Growth (Historical)-0.9%
Based on 538 regional loans totaling $186,370,000 (HMDA database).
$
%

$41,405 down · $352,926 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$164 / month

$

Annual premium

$

Per month

%

$150 / month

Estimated Monthly Payment

$2,659/mo

  • Principal & Interest$2,195
  • Property Tax$164
  • Home Insurance$150
  • FHA MIP$150
Amortization · Remaining Balance

Financed Loan Amount

$359,102

Total Interest

$431,001

Total of Payments

$790,104

*Includes financed FHA Upfront MIP of $6,176

Local Market Insights

Frederick County FHA Mortgage Overview

In Frederick County, the 10.47% average down payment for FHA loans provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, even with this equity. The 89.53% loan-to-value ratio confirms this is standard for owner-occupied buyers. With a 0.50% effective property tax rate and a recent -0.9% inflation-adjusted tax decrease, monthly affordability improves slightly. For those exploring an FHA loan with PMI and taxes in Frederick County, VA, this data highlights lower upfront costs against permanent MIP, ideal for sub-620 credit scores. Understanding Frederick County FHA loan limits and property taxes is key to budgeting accurately.

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.