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Wythe County FHA Loan Calculator

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

Loan Details

Wythe County, VA Benchmarks

FHA averages
Typical Property Value$229,907
Average Down Payment12.5%
Average Interest Rate6.470%
Effective Tax Rate0.52%
Median Tax Paid$900/yr
Tax Growth (Historical)+2.6%
Based on 108 regional loans totaling $21,260,000 (HMDA database).
$
%

$28,738 down · $201,169 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$100 / month

$

Annual premium

$

Per month

%

$85 / month

Estimated Monthly Payment

$1,625/mo

  • Principal & Interest$1,290
  • Property Tax$100
  • Home Insurance$150
  • FHA MIP$85
Amortization · Remaining Balance

Financed Loan Amount

$204,689

Total Interest

$259,617

Total of Payments

$464,306

*Includes financed FHA Upfront MIP of $3,520

Local Market Insights

Wythe County FHA Mortgage Overview

Wythe County’s FHA market reveals an accessible entry point for owner-occupants. With a weighted 12.46% down payment and a high 87.54% LTV, buyers can purchase at a $229,907 average value. However, this FHA loan triggers mandatory lifetime MIP, regardless of equity buildup—ideal for those with sub-620 credit. The 0.52% effective tax rate, adjusted upward 2.6% for inflation, adds roughly $100 monthly to true affordability. When evaluating an FHA loan with PMI and taxes in Wythe County, VA, note that the 6.47% rate keeps payments manageable despite the permanent insurance cost. This data confirms a strong primary-residence market with low default risk.

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.