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Highland County FHA Loan Calculator

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

Loan Details

Highland County, VA Benchmarks

FHA averages
Typical Property Value$265,000
Average Down Payment12.3%
Average Interest Rate6.538%
Effective Tax Rate0.69%
Median Tax Paid$1,135/yr
Tax Growth (Historical)-0.3%
Based on 5 regional loans totaling $1,155,000 (HMDA database).
$
%

$32,595 down · $232,405 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$152 / month

$

Annual premium

$

Per month

%

$99 / month

Estimated Monthly Payment

$1,902/mo

  • Principal & Interest$1,501
  • Property Tax$152
  • Home Insurance$150
  • FHA MIP$99
Amortization · Remaining Balance

Financed Loan Amount

$236,472

Total Interest

$303,848

Total of Payments

$540,321

*Includes financed FHA Upfront MIP of $4,067

Local Market Insights

Highland County FHA Mortgage Overview

Highland County homebuyers using FHA loans benefit from the accessible 12.27% down payment, which is well above the 3.5% minimum, reducing initial cash outlay while still requiring mandatory Mortgage Insurance Premiums (MIP) for the loan’s life. The 87.73% LTV ratio and 100% primary occupancy rate confirm these are owner-occupied purchases, not investments. With an effective property tax rate of 0.69% and a recent -0.3% inflation-adjusted tax decrease, monthly affordability is slightly improved. For those exploring an FHA loan with PMI and taxes in Highland County, VA, or checking Highland County FHA loan limits, this data underscores that MIP is permanent, making this ideal for buyers with sub-620 credit scores. The average 6.538% interest rate on a $265,000 property keeps monthly payments manageable, especially given the lower tax burden.

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.