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Calhoun County FHA Loan Calculator

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

Loan Details

Calhoun County, WV Benchmarks

FHA averages
Typical Property Value$152,500
Average Down Payment10.6%
Average Interest Rate6.925%
Effective Tax Rate0.29%
Median Tax Paid$426/yr
Tax Growth (Historical)-6.3%
Based on 8 regional loans totaling $1,030,000 (HMDA database).
$
%

$16,165 down · $136,335 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$37 / month

$

Annual premium

$

Per month

%

$58 / month

Estimated Monthly Payment

$1,160/mo

  • Principal & Interest$915
  • Property Tax$37
  • Home Insurance$150
  • FHA MIP$58
Amortization · Remaining Balance

Financed Loan Amount

$138,721

Total Interest

$190,849

Total of Payments

$329,570

*Includes financed FHA Upfront MIP of $2,386

Local Market Insights

Calhoun County FHA Mortgage Overview

In Calhoun County, the typical FHA buyer places 10.59% down on a $152,500 home, using a 6.925% rate. This down payment is above the FHA’s 3.5% minimum, yet the 89.41% Loan-to-Value ratio still mandates Mortgage Insurance Premiums (MIP) for the loan’s life—a key factor when using an FHA loan with PMI and taxes in Calhoun County, WV. The 0.29% effective property tax rate is remarkably low, and the recent -6.3% inflation-adjusted tax shift improves true monthly affordability. For owner-occupants, this market favors buyers with sub-620 credit who need accessible entry, as the FHA loan limits and tax environment keep payments manageable 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.