Richmond County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Richmond County, VA Benchmarks

FHA averages

Typical Property Value$279,516

Average Down Payment11.1%

Average Interest Rate6.431%

Effective Tax Rate0.50%

Median Tax Paid$1,290/yr

Tax Growth (Historical)+5.3%

Based on 31 regional loans totaling $7,245,000 (HMDA database).

Home Price

Down Payment

$31,026 down · $248,490 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

$116 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$105 / month

Estimated Monthly Payment

$1,958/mo

Principal & Interest$1,586
Property Tax$116
Home Insurance$150
FHA MIP$105

Amortization · Remaining Balance

Financed Loan Amount

$252,838

Total Interest

$318,297

Total of Payments

$571,136

*Includes financed FHA Upfront MIP of $4,349

Local Market Insights

Richmond County FHA Mortgage Overview

In Richmond County, FHA buyers leverage an 11.06% down payment on a $279,516 average property, providing accessible entry despite mandatory MIP for the loan’s life. The 88.94% LTV ratio underscores this as a primary residence market (100% occupancy). At a 6.431% rate, monthly costs are impacted by the 0.50% effective tax rate and a recent 5.3% inflation-adjusted tax increase, raising true affordability. For precise insights, explore Richmond County FHA loan limits and tax data, or an FHA loan down payment analysis with PMI and taxes in Richmond County, VA.

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.