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Grayson County FHA Loan Calculator

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

Loan Details

Grayson County, VA Benchmarks

FHA averages
Typical Property Value$200,000
Average Down Payment12.6%
Average Interest Rate6.377%
Effective Tax Rate0.62%
Median Tax Paid$843/yr
Tax Growth (Historical)-0.3%
Based on 50 regional loans totaling $8,400,000 (HMDA database).
$
%

$25,200 down · $174,800 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$103 / month

$

Annual premium

$

Per month

%

$74 / month

Estimated Monthly Payment

$1,438/mo

  • Principal & Interest$1,110
  • Property Tax$103
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$177,859

Total Interest

$221,810

Total of Payments

$399,669

*Includes financed FHA Upfront MIP of $3,059

Local Market Insights

Grayson County FHA Mortgage Overview

In Grayson County, FHA financing with a 12.64% down payment provides accessible entry for owner-occupants, though the 87.36% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, a key factor when using an FHA loan calculator with PMI and taxes in Grayson County, VA. The 0.62% effective property tax rate, paired with a -0.3% inflation-adjusted tax shift, slightly eases monthly carrying costs. For buyers exploring Grayson County FHA loan limits and tax scenarios, this market favors those with sub-620 credit scores seeking stable primary residences, as the lower down payment offsets the permanent MIP requirement.

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.