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Shenandoah County FHA Loan Calculator

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

Loan Details

Shenandoah County, VA Benchmarks

FHA averages
Typical Property Value$334,259
Average Down Payment11.0%
Average Interest Rate6.413%
Effective Tax Rate0.53%
Median Tax Paid$1,528/yr
Tax Growth (Historical)+2.2%
Based on 243 regional loans totaling $70,205,000 (HMDA database).
$
%

$36,768 down · $297,491 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$148 / month

$

Annual premium

$

Per month

%

$126 / month

Estimated Monthly Payment

$2,319/mo

  • Principal & Interest$1,895
  • Property Tax$148
  • Home Insurance$150
  • FHA MIP$126
Amortization · Remaining Balance

Financed Loan Amount

$302,697

Total Interest

$379,636

Total of Payments

$682,332

*Includes financed FHA Upfront MIP of $5,206

Local Market Insights

Shenandoah County FHA Mortgage Overview

In Shenandoah County, the typical FHA buyer puts down 11.01% on a $334,259 property, which is accessible but requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan due to the 88.99% Loan-to-Value ratio. This data reflects standard owner-occupied purchases. While the 6.413% rate is notable, the effective property tax rate of 0.53% keeps monthly costs manageable, though a recent 2.2% inflation-adjusted tax increase will slightly raise true monthly affordability. For those exploring FHA loan down payment options with PMI and taxes in Shenandoah County, VA, the MIP is a permanent cost, unlike conventional loans. Understanding Shenandoah County FHA loan limits and tax impacts is crucial for budgeting.

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.