Lewis County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Lewis County, WV Benchmarks

FHA averages

Typical Property Value$197,157

Average Down Payment13.3%

Average Interest Rate6.495%

Effective Tax Rate0.42%

Median Tax Paid$692/yr

Tax Growth (Historical)+5.0%

Based on 51 regional loans totaling $7,965,000 (HMDA database).

Home Price

Down Payment

$26,222 down · $170,935 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$69 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$72 / month

Estimated Monthly Payment

$1,391/mo

Principal & Interest$1,099
Property Tax$69
Home Insurance$150
FHA MIP$72

Amortization · Remaining Balance

Financed Loan Amount

$173,926

Total Interest

$221,834

Total of Payments

$395,760

*Includes financed FHA Upfront MIP of $2,991

Local Market Insights

Lewis County FHA Mortgage Overview

In Lewis County, the 13.35% average down payment on an FHA loan provides accessible entry, but note mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life due to the 86.65% LTV ratio. This FHA loan with PMI and taxes in Lewis County, WV, is ideal for owner-occupants with sub-620 credit. The 0.42% effective property tax rate is low, yet the 5.0% inflation-adjusted tax change will modestly raise monthly costs. For an FHA loan down payment analysis in Lewis County, West Virginia, these factors shape true affordability. Consider Lewis County FHA loan limits and property taxes when evaluating your budget.

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.