Storey County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Storey County, NV Benchmarks

FHA averages

Typical Property Value$468,462

Average Down Payment13.6%

Average Interest Rate6.180%

Effective Tax Rate0.42%

Median Tax Paid$1,450/yr

Tax Growth (Historical)-10.9%

Based on 26 regional loans totaling $10,070,000 (HMDA database).

Home Price

Down Payment

$63,711 down · $404,751 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

$164 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$172 / month

Estimated Monthly Payment

$3,003/mo

Principal & Interest$2,517
Property Tax$164
Home Insurance$150
FHA MIP$172

Amortization · Remaining Balance

Financed Loan Amount

$411,834

Total Interest

$494,291

Total of Payments

$906,125

*Includes financed FHA Upfront MIP of $7,083

Local Market Insights

Storey County FHA Mortgage Overview

In Storey County, the 13.56% average down payment on FHA loans provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 86.44% LTV—ideal for buyers with sub-620 credit. The effective 0.42% property tax rate, with a recent -10.9% inflation-adjusted decrease, lowers true monthly affordability. For a typical $468,462 home, this tax relief offsets some MIP costs. When evaluating an FHA loan with PMI and taxes in Storey County, NV, factor in the permanent MIP requirement, 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.