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Manassas Park 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 Park city, Virginia based on real HMDA transaction records.

Loan Details

Manassas Park city, VA Benchmarks

FHA averages
Typical Property Value$500,625
Average Down Payment8.9%
Average Interest Rate6.285%
Effective Tax Rate1.08%
Median Tax Paid$4,636/yr
Tax Growth (Historical)+3.9%
Based on 64 regional loans totaling $28,890,000 (HMDA database).
$
%

$44,556 down · $456,069 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$451 / month

$

Annual premium

$

Per month

%

$193 / month

Estimated Monthly Payment

$3,663/mo

  • Principal & Interest$2,869
  • Property Tax$451
  • Home Insurance$150
  • FHA MIP$193
Amortization · Remaining Balance

Financed Loan Amount

$464,051

Total Interest

$568,906

Total of Payments

$1,032,956

*Includes financed FHA Upfront MIP of $7,981

Local Market Insights

Manassas Park city FHA Mortgage Overview

For Manassas Park city homebuyers using an FHA loan, the 8.94% weighted average down payment and 91.06% loan-to-value (LTV) ratio provide accessible entry. However, because this is an FHA loan, mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of the down payment size—making it ideal for those with sub-620 credit scores. The effective property tax rate of 1.08% and the recent 3.9% inflation-adjusted tax increase directly impact true monthly affordability. When evaluating an FHA loan with PMI and taxes in Manassas Park city, VA, these recurring costs must be factored into your budget. All 100% of these purchases are for primary residences, reflecting a stable, owner-occupied market.

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.