Henrico County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Henrico County, VA Benchmarks

FHA averages

Typical Property Value$362,350

Average Down Payment10.9%

Average Interest Rate6.145%

Effective Tax Rate0.68%

Median Tax Paid$2,565/yr

Tax Growth (Historical)+3.0%

Based on 1,323 regional loans totaling $416,305,000 (HMDA database).

Home Price

Down Payment

$39,496 down · $322,854 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$205 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$137 / month

Estimated Monthly Payment

$2,491/mo

Principal & Interest$1,999
Property Tax$205
Home Insurance$150
FHA MIP$137

Amortization · Remaining Balance

Financed Loan Amount

$328,504

Total Interest

$391,212

Total of Payments

$719,716

*Includes financed FHA Upfront MIP of $5,650

Local Market Insights

Henrico County FHA Mortgage Overview

Henrico County's FHA buyers are leveraging a 10.90% down payment on an average $362,350 property, requiring mandatory MIP for the loan's life due to the 89.10% LTV ratio—ideal for those with sub-620 credit seeking accessible entry. With the effective tax rate at 0.68% and a 3.0% inflation-adjusted increase, monthly affordability shifts; buyers using an FHA loan calculator with PMI and taxes in Henrico County, VA must factor this. All 100% owner-occupied transactions indicate a stable, risk-averse market focused on primary residence security.

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.