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Wise County FHA Loan Calculator

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

Loan Details

Wise County, VA Benchmarks

FHA averages
Typical Property Value$176,481
Average Down Payment14.6%
Average Interest Rate6.572%
Effective Tax Rate0.59%
Median Tax Paid$693/yr
Tax Growth (Historical)+2.2%
Based on 81 regional loans totaling $11,775,000 (HMDA database).
$
%

$25,766 down · $150,715 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$87 / month

$

Annual premium

$

Per month

%

$64 / month

Estimated Monthly Payment

$1,277/mo

  • Principal & Interest$976
  • Property Tax$87
  • Home Insurance$150
  • FHA MIP$64
Amortization · Remaining Balance

Financed Loan Amount

$153,352

Total Interest

$198,138

Total of Payments

$351,490

*Includes financed FHA Upfront MIP of $2,638

Local Market Insights

Wise County FHA Mortgage Overview

For Wise County homebuyers, an FHA loan with a 14.60% down payment provides accessible entry on a $176,481 average property. However, mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, regardless of this down payment, making it ideal for those with sub-620 credit scores. The 85.40% loan-to-value ratio confirms this pattern. The effective 0.59% property tax rate, adjusted upward by 2.2% for inflation, adds modest monthly cost. When using an FHA loan calculator with PMI and taxes in Wise County, VA, or assessing FHA loan down payment options in Wise County, Virginia, factor in this permanent MIP. This data reflects 100% primary residence 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.