Rockingham County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Rockingham County, VA Benchmarks

FHA averages

Typical Property Value$320,000

Average Down Payment9.0%

Average Interest Rate6.234%

Effective Tax Rate0.55%

Median Tax Paid$1,645/yr

Tax Growth (Historical)+4.2%

Based on 291 regional loans totaling $82,865,000 (HMDA database).

Home Price

Down Payment

$28,800 down · $291,200 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

$147 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$123 / month

Estimated Monthly Payment

$2,241/mo

Principal & Interest$1,820
Property Tax$147
Home Insurance$150
FHA MIP$123

Amortization · Remaining Balance

Financed Loan Amount

$296,296

Total Interest

$359,082

Total of Payments

$655,378

*Includes financed FHA Upfront MIP of $5,096

Local Market Insights

Rockingham County FHA Mortgage Overview

In Rockingham County, the FHA loan data reveals a market focused on accessible entry. The 9.01% down payment and 90.99% LTV ratio enable buyers with sub-620 credit scores to purchase, but mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life. For an FHA loan with PMI and taxes in Rockingham County, VA, the 0.55% effective tax rate and 4.2% inflation-adjusted tax shift add ~$147 monthly to a $320,000 property, impacting true affordability. This 100% primary occupancy data confirms standard homebuyers, not investors.

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.