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Nicholas County FHA Loan Calculator

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

Loan Details

Nicholas County, WV Benchmarks

FHA averages
Typical Property Value$177,785
Average Down Payment12.3%
Average Interest Rate6.543%
Effective Tax Rate0.41%
Median Tax Paid$554/yr
Tax Growth (Historical)-2.3%
Based on 79 regional loans totaling $11,715,000 (HMDA database).
$
%

$21,868 down · $155,917 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$61 / month

$

Annual premium

$

Per month

%

$66 / month

Estimated Monthly Payment

$1,284/mo

  • Principal & Interest$1,007
  • Property Tax$61
  • Home Insurance$150
  • FHA MIP$66
Amortization · Remaining Balance

Financed Loan Amount

$158,646

Total Interest

$203,848

Total of Payments

$362,494

*Includes financed FHA Upfront MIP of $2,729

Local Market Insights

Nicholas County FHA Mortgage Overview

Nicholas County homebuyers utilizing FHA financing benefit from a 12.32% down payment, significantly below the national average, providing accessible entry despite mandatory Mortgage Insurance Premiums (MIP) for the life of the loan due to the 87.68% LTV ratio. For buyers seeking an FHA loan with PMI and taxes in Nicholas County, WV, the effective 0.41% property tax rate and recent -2.3% inflation-adjusted tax shift reduce monthly carrying costs. While the average property value is $177,785, the low tax burden and FHA down payment structure make this market ideal for primary residence buyers, though the MIP requirement is permanent regardless of equity build.

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.