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Pocahontas County FHA Loan Calculator

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

Loan Details

Pocahontas County, WV Benchmarks

FHA averages
Typical Property Value$193,333
Average Down Payment22.9%
Average Interest Rate6.667%
Effective Tax Rate0.35%
Median Tax Paid$462/yr
Tax Growth (Historical)+2.1%
Based on 6 regional loans totaling $770,000 (HMDA database).
$
%

$44,273 down · $149,060 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$56 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,245/mo

  • Principal & Interest$976
  • Property Tax$56
  • Home Insurance$150
  • FHA MIP$63
Amortization · Remaining Balance

Financed Loan Amount

$151,668

Total Interest

$199,571

Total of Payments

$351,240

*Includes financed FHA Upfront MIP of $2,609

Local Market Insights

Pocahontas County FHA Mortgage Overview

In Pocahontas County, FHA buyers are leveraging a substantial 22.85% down payment on average properties valued at $193,333. Despite this equity, FHA mandates Mortgage Insurance Premiums (MIP) for the life of the loan, a cost factor for those using an FHA loan with PMI and taxes in Pocahontas County, WV. The 77.15% loan-to-value ratio confirms strong equity, yet MIP cannot be canceled. The low 0.35% effective property tax rate, adjusted upward by 2.1% for inflation, keeps monthly tax burdens modest, enhancing affordability for owner-occupants analyzing Pocahontas County FHA loan limits and tax impacts.

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.