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Wetzel County FHA Loan Calculator

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

Loan Details

Wetzel County, WV Benchmarks

FHA averages
Typical Property Value$175,857
Average Down Payment12.6%
Average Interest Rate6.430%
Effective Tax Rate0.57%
Median Tax Paid$721/yr
Tax Growth (Historical)+5.3%
Based on 35 regional loans totaling $5,145,000 (HMDA database).
$
%

$22,158 down · $153,699 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$84 / month

$

Annual premium

$

Per month

%

$65 / month

Estimated Monthly Payment

$1,280/mo

  • Principal & Interest$981
  • Property Tax$84
  • Home Insurance$150
  • FHA MIP$65
Amortization · Remaining Balance

Financed Loan Amount

$156,389

Total Interest

$196,877

Total of Payments

$353,266

*Includes financed FHA Upfront MIP of $2,690

Local Market Insights

Wetzel County FHA Mortgage Overview

In Wetzel County, the 12.60% average down payment on FHA loans provides accessible entry for primary residence buyers, but since the median loan-to-value ratio is 87.40%, mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—ideal for those with sub-620 credit scores. The effective property tax rate of 0.57% is modest, yet the 5.3% inflation-adjusted tax change will increase monthly carrying costs. When evaluating a Wetzel County FHA mortgage with property taxes, factor in this permanent MIP alongside the $175,857 average property value and 6.430% interest rate to capture true affordability.

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.