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Marion County FHA Loan Calculator

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

Loan Details

Marion County, WV Benchmarks

FHA averages
Typical Property Value$197,291
Average Down Payment8.7%
Average Interest Rate6.435%
Effective Tax Rate0.61%
Median Tax Paid$978/yr
Tax Growth (Historical)-4.1%
Based on 179 regional loans totaling $31,355,000 (HMDA database).
$
%

$17,164 down · $180,127 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$100 / month

$

Annual premium

$

Per month

%

$76 / month

Estimated Monthly Payment

$1,477/mo

  • Principal & Interest$1,150
  • Property Tax$100
  • Home Insurance$150
  • FHA MIP$76
Amortization · Remaining Balance

Financed Loan Amount

$183,279

Total Interest

$230,729

Total of Payments

$414,008

*Includes financed FHA Upfront MIP of $3,152

Local Market Insights

Marion County FHA Mortgage Overview

Marion County FHA buyers are leveraging the 8.74% weighted average down payment, which provides accessible entry despite requiring mandatory Mortgage Insurance Premiums (MIP) for the loan’s life due to the 91.26% LTV. This is ideal for those with sub-620 credit scores. The effective property tax rate of 0.61% is low, and the recent -4.1% inflation-adjusted tax shift further reduces true monthly affordability. For a complete picture of an FHA loan with PMI and taxes in Marion County, WV, understanding the FHA loan limits and property tax integration is crucial for budgeting.

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.