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Wirt County FHA Loan Calculator

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

Loan Details

Wirt County, WV Benchmarks

FHA averages
Typical Property Value$160,000
Average Down Payment11.7%
Average Interest Rate6.504%
Effective Tax Rate0.47%
Median Tax Paid$597/yr
Tax Growth (Historical)-3.8%
Based on 14 regional loans totaling $1,930,000 (HMDA database).
$
%

$18,720 down · $141,280 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$63 / month

$

Annual premium

$

Per month

%

$60 / month

Estimated Monthly Payment

$1,181/mo

  • Principal & Interest$909
  • Property Tax$63
  • Home Insurance$150
  • FHA MIP$60
Amortization · Remaining Balance

Financed Loan Amount

$143,752

Total Interest

$183,348

Total of Payments

$327,101

*Includes financed FHA Upfront MIP of $2,472

Local Market Insights

Wirt County FHA Mortgage Overview

For Wirt County homebuyers, the 11.71% down payment on an FHA loan provides accessible entry, but note that Mortgage Insurance Premiums (MIP) are required for the life of the loan, even with this equity level. The 88.29% Loan-to-Value (LTV) ratio confirms this is a standard owner-occupied purchase, ideal for those with sub-620 credit scores. The effective property tax rate of 0.47% is low, and the -3.8% inflation-adjusted tax shift further reduces monthly costs, enhancing true affordability. When evaluating an FHA loan with PMI and taxes in Wirt County, WV, or exploring down payment options, these factors stabilize long-term 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.