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St. Croix Island FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for St. Croix Island, Virgin Islands based on real HMDA transaction records.

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

St. Croix Island, VI Benchmarks

FHA averages
Typical Property Value$505,000
Average Down Payment11.2%
Average Interest Rate6.271%
Effective Tax Rate%
$
%

$56,560 down · $448,440 financed

Estimated Monthly Payment

$3,618/mo

  • Principal & Interest$2,815
  • Property Tax$463
  • Home Insurance$150
  • FHA MIP$190
Amortization · Remaining Balance

Financed Loan Amount

$456,288

Total Interest

$557,249

Total of Payments

$1,013,537

*Includes financed FHA Upfront MIP of $7,848

Local Market Insights

St. Croix Island FHA Mortgage Overview

For St. Croix Island homebuyers using an FHA loan, the 11.23% down payment on a $505,000 property provides accessible entry, but triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan. The 88.77% Loan-to-Value ratio confirms this, as FHA requires MIP regardless of equity. With a 6.271% interest rate and no effective property tax rate, the primary monthly cost is principal, interest, and MIP. This data reflects 100% owner-occupied purchases, ideal for those with sub-620 credit scores seeking a primary residence without tax burden shifts.

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.