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Jackson County FHA Loan Calculator

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

Loan Details

Jackson County, WV Benchmarks

FHA averages
Typical Property Value$202,273
Average Down Payment12.6%
Average Interest Rate6.412%
Effective Tax Rate0.52%
Median Tax Paid$834/yr
Tax Growth (Historical)-7.1%
Based on 77 regional loans totaling $13,155,000 (HMDA database).
$
%

$25,486 down · $176,787 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$88 / month

$

Annual premium

$

Per month

%

$75 / month

Estimated Monthly Payment

$1,439/mo

  • Principal & Interest$1,126
  • Property Tax$88
  • Home Insurance$150
  • FHA MIP$75
Amortization · Remaining Balance

Financed Loan Amount

$179,880

Total Interest

$225,602

Total of Payments

$405,483

*Includes financed FHA Upfront MIP of $3,094

Local Market Insights

Jackson County FHA Mortgage Overview

For Jackson County homebuyers using an FHA loan, the 12.57% down payment on a $202,273 property provides accessible entry, but triggers mandatory Mortgage Insurance Premiums (MIP) for the loan's life, regardless of the 87.43% LTV. This structure benefits buyers with sub-620 credit scores seeking owner-occupied homes. The 0.52% effective property tax rate and recent -7.1% inflation-adjusted shift reduce monthly costs, enhancing affordability. When evaluating an FHA loan with PMI and taxes in Jackson County, WV, this tax relief offsets the permanent MIP burden, making the Jackson County FHA mortgage with property taxes more manageable than in higher-tax regions.

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.