King William County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

King William County, VA Benchmarks

FHA averages

Typical Property Value$372,857

Average Down Payment9.7%

Average Interest Rate6.070%

Effective Tax Rate0.61%

Median Tax Paid$1,729/yr

Tax Growth (Historical)-3.2%

Based on 168 regional loans totaling $55,180,000 (HMDA database).

Home Price

Down Payment

$36,167 down · $336,690 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

$190 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$143 / month

Estimated Monthly Payment

$2,552/mo

Principal & Interest$2,069
Property Tax$190
Home Insurance$150
FHA MIP$143

Amortization · Remaining Balance

Financed Loan Amount

$342,582

Total Interest

$402,400

Total of Payments

$744,982

*Includes financed FHA Upfront MIP of $5,892

Local Market Insights

King William County FHA Mortgage Overview

In King William County, the 9.71% weighted average down payment on FHA loans signals accessible entry for owner-occupants, though it mandates Mortgage Insurance Premiums (MIP) for the loan’s life due to the 90.29% LTV ratio. With a 6.07% rate and 0.61% effective property tax rate, monthly affordability is enhanced by the recent -3.2% inflation-adjusted tax shift. For those using an FHA loan calculator with PMI and taxes in King William County, VA, this data confirms stable tax burdens offset by permanent MIP, ideal for buyers with sub-620 credit seeking primary residence financing.

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.