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Winchester City FHA Loan Calculator

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

Loan Details

Winchester city, VA Benchmarks

FHA averages
Typical Property Value$371,632
Average Down Payment10.2%
Average Interest Rate6.268%
Effective Tax Rate0.74%
Median Tax Paid$2,591/yr
Tax Growth (Historical)+0.3%
Based on 95 regional loans totaling $31,435,000 (HMDA database).
$
%

$37,906 down · $333,726 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$229 / month

$

Annual premium

$

Per month

%

$141 / month

Estimated Monthly Payment

$2,616/mo

  • Principal & Interest$2,095
  • Property Tax$229
  • Home Insurance$150
  • FHA MIP$141
Amortization · Remaining Balance

Financed Loan Amount

$339,566

Total Interest

$414,700

Total of Payments

$754,266

*Includes financed FHA Upfront MIP of $5,840

Local Market Insights

Winchester city FHA Mortgage Overview

The weighted average down payment of 10.20% on an FHA loan in Winchester city provides accessible entry, but note this requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, given the 89.80% median loan-to-value ratio. This makes an FHA loan calculator with PMI and taxes essential for true cost projections. The 0.74% effective property tax rate, with a modest 0.3% inflation-adjusted increase, adds predictable monthly costs for owner-occupants. For buyers evaluating an FHA loan down payment in Winchester city, VA, the low entry point suits sub-620 credit profiles, though the MIP is permanent. These Winchester city FHA mortgage parameters, combined with the 6.268% interest rate, define affordability for primary residences.

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.