FHA Loan Calculator — Virginia
On the typical Virginia home ($415,000), 3.5% down leaves a $400,475 base loan. The 1.75% upfront premium ($7,008) is financed, for a $407,483 loan, and annual MIP of 0.55% adds $186 a month for the life of the loan. Virginia FHA limits run $541,287–$1,249,125 by county.
Virginia has the 23rd-lowest effective property tax rate of the 50 states at 0.78% — $540 less a year than the 0.91% state average on a $415,000 home. Homeowners insurance averages $2,074 a year, the 20th-lowest premium nationally and $646 less than the typical state.
Loan Parameters
Total Monthly Payment
$3,348
Principal & Interest + Taxes + Insurance
APR 7.761%
Total Interest
$571,434
Total Cost
$1,182,953
Advanced Parameters
FHA Mortgage Insurance Premium (MIP)
Annual MIP of 0.55% is billed monthly on the average balance of each loan year. With less than 10% down it lasts for the life of the loan; with 10% or more down it ends after 11 years. A 1.75% upfront premium is also added to the loan.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Full term
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | MIP | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $32,631 | $4,115 | $28,515 | $2,231 | $403,368 | $11,632 |
| Year 2 | $32,631 | $4,414 | $28,216 | $2,208 | $398,954 | $16,046 |
| Year 3 | $32,631 | $4,735 | $27,896 | $2,182 | $394,219 | $20,781 |
| Year 4 | $32,631 | $5,078 | $27,552 | $2,156 | $389,141 | $25,859 |
| Year 5 | $32,631 | $5,447 | $27,183 | $2,127 | $383,693 | $31,307 |
| Year 6 | $32,631 | $5,843 | $26,788 | $2,096 | $377,851 | $37,149 |
| Year 7 | $32,631 | $6,267 | $26,364 | $2,063 | $371,584 | $43,416 |
| Year 8 | $32,631 | $6,722 | $25,908 | $2,027 | $364,862 | $50,138 |
| Year 9 | $32,631 | $7,210 | $25,420 | $1,989 | $357,651 | $57,349 |
| Year 10 | $32,631 | $7,734 | $24,897 | $1,948 | $349,918 | $65,082 |
| Year 11 | $32,631 | $8,295 | $24,335 | $1,904 | $341,623 | $73,377 |
| Year 12 | $32,631 | $8,898 | $23,733 | $1,857 | $332,725 | $82,275 |
| Year 13 | $32,631 | $9,544 | $23,087 | $1,806 | $323,182 | $91,819 |
| Year 14 | $32,631 | $10,237 | $22,394 | $1,752 | $312,945 | $102,055 |
| Year 15 | $32,631 | $10,980 | $21,651 | $1,694 | $301,965 | $113,035 |
| Year 16 | $32,631 | $11,777 | $20,854 | $1,632 | $290,188 | $124,812 |
| Year 17 | $32,631 | $12,632 | $19,998 | $1,565 | $277,556 | $137,444 |
| Year 18 | $32,631 | $13,549 | $19,081 | $1,493 | $264,007 | $150,993 |
| Year 19 | $32,631 | $14,533 | $18,097 | $1,416 | $249,473 | $165,527 |
| Year 20 | $32,631 | $15,588 | $17,042 | $1,333 | $233,885 | $181,115 |
| Year 21 | $32,631 | $16,720 | $15,910 | $1,245 | $217,165 | $197,835 |
| Year 22 | $32,631 | $17,934 | $14,696 | $1,150 | $199,230 | $215,770 |
| Year 23 | $32,631 | $19,237 | $13,394 | $1,048 | $179,994 | $235,006 |
| Year 24 | $32,631 | $20,633 | $11,997 | $939 | $159,360 | $255,640 |
| Year 25 | $32,631 | $22,132 | $10,499 | $821 | $137,229 | $277,771 |
| Year 26 | $32,631 | $23,739 | $8,892 | $696 | $113,490 | $301,510 |
| Year 27 | $32,631 | $25,462 | $7,168 | $561 | $88,028 | $326,972 |
| Year 28 | $32,631 | $27,311 | $5,320 | $416 | $60,717 | $354,283 |
| Year 29 | $32,631 | $29,294 | $3,336 | $261 | $31,423 | $383,577 |
| Year 30 | $32,632 | $31,423 | $1,209 | $95 | $0 | $415,000 |
FHA Loan numbers for Virginia
- Typical Virginia home value
- $415,000
- 3.5% down ($14,525) · Zillow, August 31, 2026
- Loan amount
- $407,483
- Includes $7,008 financed UFMIP
- Estimated monthly payment
- $3,348
- APR 7.761%
- Virginia property tax
- 0.78%
- $270/mo
- Homeowners insurance
- $2,074/yr
- $173/mo
- Upfront MIP (1.75%)
- $7,008
- Financed into the loan
- Annual MIP
- 0.55%
- $186/mo in year 1 · life of loan
- Virginia FHA loan limit
- $541,287 – $1,249,125
- One-unit, by county
How much house can you afford in Virginia with an fha loan?
Highest price where principal, interest, Virginia property tax, insurance and FHA mortgage insurance (1.75% upfront premium financed, 0.55% annual MIP) stay within 28% of gross income —3.5% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $40,000 | $933 | $99,000 | $3,465 | 24% |
| $50,000 | $1,167 | $129,000 | $4,515 | 31% |
| $60,000 | $1,400 | $160,000 | $5,600 | 39% |
| $75,000 | $1,750 | $206,000 | $7,210 | 50% |
| $100,000 | $2,333 | $282,000 | $9,870 | 68% |
| $125,000 | $2,917 | $358,000 | $12,530 | 86% |
| $150,000 | $3,500 | $434,000 | $15,190 | 105% |
FHA vs other loan types in Virginia
$415,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $41,500 | $373,500 | — | $224 PMI | $3,159 | 7.488% |
| FHA | 3.5% · $14,525 | $407,483 | UFMIP $7,008 | $186 MIP | $3,348 | 7.761% |
| VA | 0% · $0 | $423,923 | Funding fee $8,923 | $0 | $3,271 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $83,000 | $332,000 | — | $0 | $2,658 | 7.030% |
Virginia high-cost counties (2026)
18 counties have a one-unit conforming limit above the $832,750 baseline. Loans up to these amounts are conforming, not jumbo.
- Alexandria City$1,249,125
- Arlington County$1,249,125
- Clarke County$1,249,125
- Culpeper County$1,249,125
- Fairfax City$1,249,125
- Fairfax County$1,249,125
- Falls Church City$1,249,125
- Fauquier County$1,249,125
- Fredericksburg City$1,249,125
- Loudoun County$1,249,125
- Manassas City$1,249,125
- Manassas Park City$1,249,125
- Prince William County$1,249,125
- Rappahannock County$1,249,125
- Spotsylvania County$1,249,125
- Stafford County$1,249,125
- Warren County$1,249,125
- Madison County$1,209,750
Frequently asked questions
What is the monthly payment on a $415,000 home with an fha loan in Virginia?
Estimated $3,348 per month ($2,719 principal & interest, $270 property tax, $173 insurance, $186 FHA mortgage insurance) at 7.03% for 30 years, with 3.5% down. APR 7.761%.
What is the FHA loan limit in Virginia for 2026?
Between $541,287 and $1,249,125 depending on the county for a one-unit home. $541,287 is the national FHA floor; counties with higher home prices get higher limits. Check your exact county on HUD's FHA mortgage limits lookup.
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Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- HUD Mortgagee Letter 2023-05 (annual MIP schedule)
- HUD — FHA single family housing policy handbook 4000.1
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.