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Hardy County FHA Loan Calculator

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

Loan Details

Hardy County, WV Benchmarks

FHA averages
Typical Property Value$260,250
Average Down Payment17.4%
Average Interest Rate6.556%
Effective Tax Rate0.29%
Median Tax Paid$575/yr
Tax Growth (Historical)-4.8%
Based on 40 regional loans totaling $8,150,000 (HMDA database).
$
%

$45,284 down · $214,967 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$63 / month

$

Annual premium

$

Per month

%

$91 / month

Estimated Monthly Payment

$1,695/mo

  • Principal & Interest$1,391
  • Property Tax$63
  • Home Insurance$150
  • FHA MIP$91
Amortization · Remaining Balance

Financed Loan Amount

$218,728

Total Interest

$282,087

Total of Payments

$500,816

*Includes financed FHA Upfront MIP of $3,762

Local Market Insights

Hardy County FHA Mortgage Overview

For Hardy County homebuyers utilizing an FHA loan, the 17.35% down payment on a $260,250 property provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life regardless of equity. The 82.65% Loan-to-Value ratio confirms this standard owner-occupied purchase. The effective property tax rate of just 0.29% is remarkably low, and the recent -4.8% inflation-adjusted tax change further reduces monthly burdens, improving true affordability. When evaluating an FHA loan with PMI and taxes in Hardy County, WV, this low tax environment offsets recurring MIP costs, making this a stable option for buyers with sub-620 credit scores seeking a primary residence.

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.