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Greensville County FHA Loan Calculator

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

Loan Details

Greensville County, VA Benchmarks

FHA averages
Typical Property Value$220,000
Average Down Payment8.1%
Average Interest Rate6.383%
Effective Tax Rate0.60%
Median Tax Paid$855/yr
Tax Growth (Historical)-11.4%
Based on 34 regional loans totaling $6,800,000 (HMDA database).
$
%

$17,820 down · $202,180 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$110 / month

$

Annual premium

$

Per month

%

$86 / month

Estimated Monthly Payment

$1,630/mo

  • Principal & Interest$1,284
  • Property Tax$110
  • Home Insurance$150
  • FHA MIP$86
Amortization · Remaining Balance

Financed Loan Amount

$205,718

Total Interest

$256,553

Total of Payments

$462,271

*Includes financed FHA Upfront MIP of $3,538

Local Market Insights

Greensville County FHA Mortgage Overview

In Greensville County, the weighted average down payment of 8.08% on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life regardless of this down payment. The 91.92% Loan-to-Value ratio confirms a low-risk, owner-occupied market. With an effective property tax rate of 0.60% and an inflation-adjusted tax decrease of -11.4%, monthly affordability improves for FHA buyers using a Greensville County FHA mortgage analysis with property taxes. This tax relief helps offset the mandatory MIP, making an FHA loan with PMI and taxes in Greensville County, VA a stable path for buyers with sub-620 credit scores.

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.