Washoe County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Washoe County, NV Benchmarks

FHA averages

Typical Property Value$472,628

Average Down Payment9.4%

Average Interest Rate6.028%

Effective Tax Rate0.46%

Median Tax Paid$2,385/yr

Tax Growth (Historical)+0.7%

Based on 1,581 regional loans totaling $655,515,000 (HMDA database).

Home Price

Down Payment

$44,427 down · $428,201 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$181 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$182 / month

Estimated Monthly Payment

$3,133/mo

Principal & Interest$2,621
Property Tax$181
Home Insurance$150
FHA MIP$182

Amortization · Remaining Balance

Financed Loan Amount

$435,694

Total Interest

$507,728

Total of Payments

$943,422

*Includes financed FHA Upfront MIP of $7,494

Local Market Insights

Washoe County FHA Mortgage Overview

For Washoe County homebuyers, the 9.42% down payment on an FHA loan provides accessible entry, but the 90.58% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—ideal for those with sub-620 credit. The 0.46% effective property tax rate, with a 0.7% inflation-adjusted shift, adds modest monthly cost. When evaluating an FHA loan with PMI and taxes in Washoe County, NV, note the $472,628 average property value and 6.028% interest rate. This data reflects 100% owner-occupied purchases, not investments.

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.