Taylor County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Taylor County, WV Benchmarks

FHA averages

Typical Property Value$189,419

Average Down Payment11.4%

Average Interest Rate6.351%

Effective Tax Rate0.44%

Median Tax Paid$797/yr

Tax Growth (Historical)+1.9%

Based on 43 regional loans totaling $7,025,000 (HMDA database).

Home Price

Down Payment

$21,594 down · $167,825 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

$71 / month

Estimated Monthly Payment

$1,353/mo

Principal & Interest$1,063
Property Tax$69
Home Insurance$150
FHA MIP$71

Amortization · Remaining Balance

Financed Loan Amount

$170,762

Total Interest

$211,753

Total of Payments

$382,516

*Includes financed FHA Upfront MIP of $2,937

Local Market Insights

Taylor County FHA Mortgage Overview

For Taylor County homebuyers using an FHA loan, the 11.45% down payment on a $189,418 average property provides accessible entry, but note that Mortgage Insurance Premiums (MIP) are mandatory for the life of the loan due to the 88.55% loan-to-value ratio. This is ideal for those with sub-620 credit scores seeking primary residence financing. The 0.44% effective property tax rate and 1.9% inflation-adjusted tax increase keep monthly costs moderate, but when evaluating an FHA loan with PMI and taxes in Taylor County, WV, the MIP burden offsets the low down payment benefit. For precise budgeting, review Taylor County FHA loan limits and property tax impacts to understand true monthly affordability in this 100% owner-occupied market.

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.