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Ohio County FHA Loan Calculator

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

Loan Details

Ohio County, WV Benchmarks

FHA averages
Typical Property Value$197,317
Average Down Payment11.8%
Average Interest Rate6.486%
Effective Tax Rate0.61%
Median Tax Paid$999/yr
Tax Growth (Historical)-0.1%
Based on 82 regional loans totaling $13,590,000 (HMDA database).
$
%

$23,283 down · $174,034 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$100 / month

$

Annual premium

$

Per month

%

$74 / month

Estimated Monthly Payment

$1,442/mo

  • Principal & Interest$1,118
  • Property Tax$100
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$177,079

Total Interest

$225,436

Total of Payments

$402,515

*Includes financed FHA Upfront MIP of $3,046

Local Market Insights

Ohio County FHA Mortgage Overview

For Ohio County homebuyers using an FHA loan, the 11.80% down payment on a $197,317 property offers accessible entry but mandates Mortgage Insurance Premiums (MIP) for the loan’s life, ideal for sub-620 credit scores. The 88.20% LTV confirms this risk profile, with 100% owner-occupancy. The effective 0.61% property tax rate and -0.1% inflation-adjusted change keep monthly costs stable. When evaluating an FHA loan down payment in Ohio County, West Virginia, factor in the 6.486% rate and MIP for true affordability. This FHA mortgage with property taxes structure supports buyers seeking low upfront costs.

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.