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Hampshire County FHA Loan Calculator

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

Loan Details

Hampshire County, WV Benchmarks

FHA averages
Typical Property Value$269,444
Average Down Payment15.9%
Average Interest Rate6.408%
Effective Tax Rate0.29%
Median Tax Paid$836/yr
Tax Growth (Historical)+8.9%
Based on 99 regional loans totaling $20,755,000 (HMDA database).
$
%

$42,842 down · $226,602 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$65 / month

$

Annual premium

$

Per month

%

$96 / month

Estimated Monthly Payment

$1,755/mo

  • Principal & Interest$1,444
  • Property Tax$65
  • Home Insurance$150
  • FHA MIP$96
Amortization · Remaining Balance

Financed Loan Amount

$230,568

Total Interest

$289,173

Total of Payments

$519,741

*Includes financed FHA Upfront MIP of $3,966

Local Market Insights

Hampshire County FHA Mortgage Overview

In Hampshire County, the 15.92% weighted average down payment on FHA loans provides accessible entry, but mandates Mortgage Insurance Premiums (MIP) for the loan’s life, ideal for buyers with sub-620 credit. The 84.08% loan-to-value ratio confirms this, with 100% of buyers purchasing as primary residences. At a 0.29% effective property tax rate, the recent 8.9% inflation-adjusted tax shift increases true monthly affordability costs. For an FHA loan down payment analysis in Hampshire County, West Virginia, or evaluating FHA loan limits and property taxes, this lower tax burden partially offsets the 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.