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Barbour County FHA Loan Calculator

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

Loan Details

Barbour County, WV Benchmarks

FHA averages
Typical Property Value$167,286
Average Down Payment6.7%
Average Interest Rate6.584%
Effective Tax Rate0.36%
Median Tax Paid$562/yr
Tax Growth (Historical)+1.3%
Based on 35 regional loans totaling $5,295,000 (HMDA database).
$
%

$11,208 down · $156,078 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$50 / month

$

Annual premium

$

Per month

%

$66 / month

Estimated Monthly Payment

$1,279/mo

  • Principal & Interest$1,012
  • Property Tax$50
  • Home Insurance$150
  • FHA MIP$66
Amortization · Remaining Balance

Financed Loan Amount

$158,809

Total Interest

$205,566

Total of Payments

$364,375

*Includes financed FHA Upfront MIP of $2,731

Local Market Insights

Barbour County FHA Mortgage Overview

For Barbour County homebuyers, an FHA loan with a 6.69% down payment on a median $167,286 property offers accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life due to the 93.31% loan-to-value ratio. This structure is ideal for buyers with sub-620 credit scores seeking primary residences. The effective property tax rate of 0.36% is low, though the 1.3% inflation-adjusted increase will slightly raise monthly costs. When evaluating an FHA loan with PMI and taxes in Barbour County, WV, or checking Barbour County FHA loan limits and tax impacts, this data confirms affordability remains strong despite permanent MIP.

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.