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Randolph County FHA Loan Calculator

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

Loan Details

Randolph County, WV Benchmarks

FHA averages
Typical Property Value$197,188
Average Down Payment12.7%
Average Interest Rate6.388%
Effective Tax Rate0.39%
Median Tax Paid$559/yr
Tax Growth (Historical)+0.6%
Based on 64 regional loans totaling $10,400,000 (HMDA database).
$
%

$25,043 down · $172,145 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$64 / month

$

Annual premium

$

Per month

%

$73 / month

Estimated Monthly Payment

$1,382/mo

  • Principal & Interest$1,094
  • Property Tax$64
  • Home Insurance$150
  • FHA MIP$73
Amortization · Remaining Balance

Financed Loan Amount

$175,158

Total Interest

$218,853

Total of Payments

$394,011

*Includes financed FHA Upfront MIP of $3,013

Local Market Insights

Randolph County FHA Mortgage Overview

In Randolph County, the 12.73% average down payment on FHA loans provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life due to the 87.27% LTV ratio. This is ideal for buyers with sub-620 credit scores. The 0.39% effective tax rate, with a slight 0.6% inflation-adjusted increase, keeps monthly costs low. For an FHA loan down payment analysis in Randolph County, West Virginia, the low taxes offset the permanent MIP. Understanding Randolph County FHA loan limits and property taxes is crucial, as this data reflects 100% owner-occupied purchases.

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.