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Staunton City FHA Loan Calculator

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

Loan Details

Staunton city, VA Benchmarks

FHA averages
Typical Property Value$267,613
Average Down Payment11.0%
Average Interest Rate6.325%
Effective Tax Rate0.60%
Median Tax Paid$1,818/yr
Tax Growth (Historical)+4.0%
Based on 111 regional loans totaling $26,035,000 (HMDA database).
$
%

$29,437 down · $238,176 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$134 / month

$

Annual premium

$

Per month

%

$101 / month

Estimated Monthly Payment

$1,890/mo

  • Principal & Interest$1,505
  • Property Tax$134
  • Home Insurance$150
  • FHA MIP$101
Amortization · Remaining Balance

Financed Loan Amount

$242,344

Total Interest

$299,378

Total of Payments

$541,722

*Includes financed FHA Upfront MIP of $4,168

Local Market Insights

Staunton city FHA Mortgage Overview

In Staunton city, FHA buyers leverage a 10.96% down payment on an average $267,613 property, offering accessible entry despite mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for those with sub-620 credit. The 89.04% loan-to-value ratio confirms minimal equity, while the 0.60% property tax rate and recent 4.0% inflation-adjusted shift increase monthly costs. This data reflects 100% owner-occupied purchases, not investments, making the true affordability estimate—factoring FHA MIP and taxes—critical for local 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.