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Monongalia County FHA Loan Calculator

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

Loan Details

Monongalia County, WV Benchmarks

FHA averages
Typical Property Value$262,313
Average Down Payment9.7%
Average Interest Rate6.322%
Effective Tax Rate0.45%
Median Tax Paid$1,248/yr
Tax Growth (Historical)-1.7%
Based on 201 regional loans totaling $46,605,000 (HMDA database).
$
%

$25,444 down · $236,869 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$98 / month

$

Annual premium

$

Per month

%

$100 / month

Estimated Monthly Payment

$1,844/mo

  • Principal & Interest$1,495
  • Property Tax$98
  • Home Insurance$150
  • FHA MIP$100
Amortization · Remaining Balance

Financed Loan Amount

$241,014

Total Interest

$297,169

Total of Payments

$538,183

*Includes financed FHA Upfront MIP of $4,145

Local Market Insights

Monongalia County FHA Mortgage Overview

In Monongalia County, the 9.66% average down payment on FHA loans provides accessible entry for primary residence buyers, but note that FHA Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of this down payment. With a 90.34% Loan-to-Value ratio, this structure is ideal for those with sub-620 credit seeking owner-occupied homes. The 0.45% effective property tax rate, combined with a -1.7% inflation-adjusted tax change, slightly reduces monthly carrying costs. For a full picture of FHA loan limits and property taxes affecting your budget, consult a local lender to understand total monthly obligations including MIP.

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.