Prince George County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Prince George County, VA Benchmarks

FHA averages

Typical Property Value$352,644

Average Down Payment8.7%

Average Interest Rate6.242%

Effective Tax Rate0.69%

Median Tax Paid$2,184/yr

Tax Growth (Historical)+1.0%

Based on 174 regional loans totaling $55,140,000 (HMDA database).

Home Price

Down Payment

$30,680 down · $321,964 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

$203 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$136 / month

Estimated Monthly Payment

$2,504/mo

Principal & Interest$2,015
Property Tax$203
Home Insurance$150
FHA MIP$136

Amortization · Remaining Balance

Financed Loan Amount

$327,598

Total Interest

$397,783

Total of Payments

$725,382

*Includes financed FHA Upfront MIP of $5,634

Local Market Insights

Prince George County FHA Mortgage Overview

Prince George County's FHA market reveals a highly accessible entry point with an 8.66% weighted average down payment, yet this comes with mandatory Mortgage Insurance Premiums (MIP) for the life of the loan due to the 91.34% median Loan-to-Value ratio. This structure suits buyers with sub-620 credit scores seeking owner-occupied homes. The 0.69% effective property tax rate, adjusted upward 1.0% for inflation, adds a predictable monthly cost. When evaluating an FHA loan with PMI and taxes in Prince George County, VA, or reviewing Prince George County FHA loan limits and tax considerations, note that the low down payment preserves cash flow but the permanent MIP elevates long-term costs compared to conventional 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.