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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
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Henrico County, VA Benchmarks

FHA averages
Typical Property Value$362,350
Average Down Payment10.9%
Average Interest Rate6.145%
Effective Tax Rate0.68%
$
%

$39,496 down · $322,854 financed

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.