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Logan County FHA Loan Calculator

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

Loan Details

Logan County, WV Benchmarks

FHA averages
Typical Property Value$164,753
Average Down Payment12.2%
Average Interest Rate6.583%
Effective Tax Rate0.43%
Median Tax Paid$576/yr
Tax Growth (Historical)-5.5%
Based on 81 regional loans totaling $11,245,000 (HMDA database).
$
%

$20,100 down · $144,653 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$59 / month

$

Annual premium

$

Per month

%

$61 / month

Estimated Monthly Payment

$1,208/mo

  • Principal & Interest$938
  • Property Tax$59
  • Home Insurance$150
  • FHA MIP$61
Amortization · Remaining Balance

Financed Loan Amount

$147,185

Total Interest

$190,518

Total of Payments

$337,703

*Includes financed FHA Upfront MIP of $2,531

Local Market Insights

Logan County FHA Mortgage Overview

Logan County homebuyers utilizing FHA financing are accessing the market with a 12.23% down payment, well below the conventional 20% threshold. However, this lower entry point mandates Mortgage Insurance Premiums (MIP) for the life of the loan, a critical cost to factor into any FHA loan down payment analysis. With a high 87.77% Loan-to-Value (LTV) ratio and 100% primary occupancy, this data reflects owner-occupants, not investors. The effective property tax rate of 0.43% is low, and the -5.5% inflation-adjusted tax change provides slight monthly relief, improving affordability when using a Logan County FHA mortgage tool that includes property taxes.

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.