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Rappahannock County FHA Loan Calculator

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

Loan Details

Rappahannock County, VA Benchmarks

FHA averages
Typical Property Value$515,000
Average Down Payment14.3%
Average Interest Rate5.999%
Effective Tax Rate0.49%
Median Tax Paid$2,505/yr
Tax Growth (Historical)-12.8%
Based on 18 regional loans totaling $7,510,000 (HMDA database).
$
%

$73,645 down · $441,355 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$210 / month

$

Annual premium

$

Per month

%

$187 / month

Estimated Monthly Payment

$3,240/mo

  • Principal & Interest$2,692
  • Property Tax$210
  • Home Insurance$150
  • FHA MIP$187
Amortization · Remaining Balance

Financed Loan Amount

$449,079

Total Interest

$520,205

Total of Payments

$969,283

*Includes financed FHA Upfront MIP of $7,724

Local Market Insights

Rappahannock County FHA Mortgage Overview

Rappahannock County FHA buyers putting down 14.25% on a $515,000 property face mandatory Mortgage Insurance Premiums (MIP) for the loan's life, despite a strong 85.75% loan-to-value ratio. This FHA structure is ideal for those with sub-620 credit scores. The effective property tax rate of 0.49%, combined with a -12.8% inflation-adjusted tax decline, significantly lowers true monthly affordability. For precise monthly costs including FHA MIP and property taxes, review a detailed Rappahannock County FHA mortgage analysis with property taxes. All data reflects 100% primary occupancy standard homebuyers.

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.