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Mason County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Mason County, WV Benchmarks

FHA averages
Typical Property Value$192,467
Average Down Payment11.9%
Average Interest Rate6.521%
Effective Tax Rate0.41%
$
%

$22,904 down · $169,563 financed

Estimated Monthly Payment

$1,380/mo

  • Principal & Interest$1,093
  • Property Tax$66
  • Home Insurance$150
  • FHA MIP$72
Amortization · Remaining Balance

Financed Loan Amount

$172,531

Total Interest

$220,871

Total of Payments

$393,402

*Includes financed FHA Upfront MIP of $2,967

Local Market Insights

Mason County FHA Mortgage Overview

For Mason County homebuyers utilizing an FHA loan, the 11.92% down payment on a $192,467 property provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life due to the 88.08% Loan-to-Value ratio. This is ideal for buyers with sub-620 credit scores. The effective property tax rate of 0.41% and a 0.4% inflation-adjusted shift keeps monthly costs low. When evaluating an FHA loan with PMI and taxes in Mason County, WV, this data confirms affordability for owner-occupied homes, though MIP is a permanent cost unlike conventional loans.

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.