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Manassas City FHA Loan Calculator

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

Loan Details

Manassas city, VA Benchmarks

FHA averages
Typical Property Value$485,273
Average Down Payment9.8%
Average Interest Rate6.197%
Effective Tax Rate0.99%
Median Tax Paid$4,923/yr
Tax Growth (Historical)+0.2%
Based on 111 regional loans totaling $47,535,000 (HMDA database).
$
%

$47,557 down · $437,716 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$400 / month

$

Annual premium

$

Per month

%

$186 / month

Estimated Monthly Payment

$3,464/mo

  • Principal & Interest$2,728
  • Property Tax$400
  • Home Insurance$150
  • FHA MIP$186
Amortization · Remaining Balance

Financed Loan Amount

$445,376

Total Interest

$536,629

Total of Payments

$982,005

*Includes financed FHA Upfront MIP of $7,660

Local Market Insights

Manassas city FHA Mortgage Overview

Manassas city homebuyers using an FHA loan benefit from the accessible 9.84% down payment, but this triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, regardless of building equity. The 90.16% LTV ratio reflects this standard entry point for primary residences (100% owner-occupied). With an average property value of $485,272.73 at a 6.197% rate, the effective 0.99% tax rate and a modest 0.2% inflation-adjusted increase keep monthly costs manageable. This FHA structure is ideal for buyers with sub-620 credit seeking low down payment entry, though MIP is a permanent cost consideration.

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.