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Middlesex County FHA Loan Calculator

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

Loan Details

Middlesex County, VA Benchmarks

FHA averages
Typical Property Value$312,656
Average Down Payment13.3%
Average Interest Rate6.347%
Effective Tax Rate0.51%
Median Tax Paid$1,778/yr
Tax Growth (Historical)+1.9%
Based on 64 regional loans totaling $16,540,000 (HMDA database).
$
%

$41,583 down · $271,073 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$133 / month

$

Annual premium

$

Per month

%

$115 / month

Estimated Monthly Payment

$2,114/mo

  • Principal & Interest$1,716
  • Property Tax$133
  • Home Insurance$150
  • FHA MIP$115
Amortization · Remaining Balance

Financed Loan Amount

$275,817

Total Interest

$342,026

Total of Payments

$617,842

*Includes financed FHA Upfront MIP of $4,744

Local Market Insights

Middlesex County FHA Mortgage Overview

For Middlesex County homebuyers using an FHA loan, the 13.28% down payment offers accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of equity. The high 86.72% loan-to-value ratio confirms minimal initial equity, making this ideal for buyers with sub-620 credit. The 0.51% effective property tax rate, with a 1.9% inflation-adjusted increase, modestly raises monthly costs. When evaluating FHA loan options with PMI and taxes in Middlesex County, VA, these factors directly impact true affordability for owner-occupied purchases.

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.