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Fredericksburg City FHA Loan Calculator

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

Loan Details

Fredericksburg city, VA Benchmarks

FHA averages
Typical Property Value$447,078
Average Down Payment9.5%
Average Interest Rate6.368%
Effective Tax Rate0.65%
Median Tax Paid$2,907/yr
Tax Growth (Historical)-1.2%
Based on 77 regional loans totaling $30,835,000 (HMDA database).
$
%

$42,472 down · $404,606 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$242 / month

$

Annual premium

$

Per month

%

$172 / month

Estimated Monthly Payment

$3,131/mo

  • Principal & Interest$2,567
  • Property Tax$242
  • Home Insurance$150
  • FHA MIP$172
Amortization · Remaining Balance

Financed Loan Amount

$411,686

Total Interest

$512,448

Total of Payments

$924,134

*Includes financed FHA Upfront MIP of $7,081

Local Market Insights

Fredericksburg city FHA Mortgage Overview

Fredericksburg city’s FHA market reveals a clear entry point for owner-occupants: a 9.51% down payment on a $447,078 property. This low barrier, combined with a 90.49% loan-to-value ratio, makes FHA financing ideal for buyers with sub-620 credit, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life. The effective property tax rate of 0.65% is manageable, and the recent -1.2% inflation-adjusted tax shift slightly reduces monthly carrying costs. When evaluating an FHA loan with PMI and taxes in Fredericksburg city, VA, this data confirms a stable, affordable path for primary residence purchases, though MIP is a permanent 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.