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Braxton County FHA Loan Calculator

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

Loan Details

Braxton County, WV Benchmarks

FHA averages
Typical Property Value$160,882
Average Down Payment12.4%
Average Interest Rate6.531%
Effective Tax Rate0.39%
Median Tax Paid$535/yr
Tax Growth (Historical)+8.3%
Based on 34 regional loans totaling $4,740,000 (HMDA database).
$
%

$19,949 down · $140,933 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$52 / month

$

Annual premium

$

Per month

%

$60 / month

Estimated Monthly Payment

$1,171/mo

  • Principal & Interest$909
  • Property Tax$52
  • Home Insurance$150
  • FHA MIP$60
Amortization · Remaining Balance

Financed Loan Amount

$143,399

Total Interest

$183,917

Total of Payments

$327,316

*Includes financed FHA Upfront MIP of $2,466

Local Market Insights

Braxton County FHA Mortgage Overview

For Braxton County homebuyers, the 12.42% weighted average down payment on FHA loans offers accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity. The 87.58% median loan-to-value (LTV) ratio confirms this is a standard owner-occupied market, ideal for those with sub-620 credit scores. While the effective property tax rate is low at 0.39%, the recent 8.3% inflation-adjusted tax increase will slightly raise monthly affordability. When evaluating a Braxton County FHA mortgage with property taxes, factor in this permanent MIP cost and the $160,882 average property value to understand true long-term expenses.

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.