Advice? Feed back?

I'm 16 and still a virgin but I've been dating this guy for a while now and I really do believe he is my first love. On the other hand though my boyfriend is not a virgin and lately I've been thinking about loosing my v card to him, not only because I love him but because I feel very very comfortable and confident with him. I'm just a little scared because of all the stories I hear about it hurting and all the blood. So I just need some feed back and some advice.