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West Virginia Mortgage Calculator

Your monthly mortgage payment in West Virginia, with West Virginia's effective property tax rate (0.53%) built in, at this week's average rate. The calculator starts at the state's median home value, $162,600.

A $163,000 home with 20% down ($130,400 borrowed) at 7.28% over 30 years costs about $1,131 a month: $892 principal and interest plus $239 of tax, insurance and dues.

Monthly payment
$1,131.14
Principal and interest
$892.21
Tax, insurance, PMI and HOA
$238.93
Total interest over the loan
$190,797
Loan balance and interest paid over 30 years at 7.28%$0$50k$100k$150k$200k051015202530Years━Balance owed━Interest paid so far
Download the schedule (CSV)
Amortization by year: $130,400 at 7.28%
YearInterestPrincipalBalance
1$9,451.80$1,254.75$129,145.25
2$9,357.35$1,349.21$127,796.04
3$9,255.78$1,450.78$126,345.26
4$9,146.57$1,559.99$124,785.28
5$9,029.13$1,677.42$123,107.85
6$8,902.86$1,803.70$121,304.16
7$8,767.08$1,939.48$119,364.68
8$8,621.08$2,085.48$117,279.20
9$8,464.08$2,242.47$115,036.73
10$8,295.27$2,411.28$112,625.45
11$8,113.75$2,592.80$110,032.65
12$7,918.57$2,787.98$107,244.66
13$7,708.69$2,997.86$104,246.80
14$7,483.02$3,223.54$101,023.27
15$7,240.35$3,466.20$97,557.07
16$6,979.42$3,727.13$93,829.94
17$6,698.85$4,007.71$89,822.23
18$6,397.15$4,309.40$85,512.83
19$6,072.75$4,633.81$80,879.02
20$5,723.92$4,982.64$75,896.38
21$5,348.83$5,357.72$70,538.66
22$4,945.51$5,761.05$64,777.61
23$4,511.82$6,194.73$58,582.88
24$4,045.49$6,661.07$51,921.81
25$3,544.05$7,162.50$44,759.31
26$3,004.87$7,701.69$37,057.62
27$2,425.09$8,281.46$28,776.16
28$1,801.67$8,904.88$19,871.28
29$1,131.32$9,575.23$10,296.04
30$410.51$10,296.04$0.00

This week's mortgage rates →

Monthly payment in West Virginia by home price (20% down, 7%, 30 years, 0.53% tax, $2,000 insurance)

Home pricePrincipal and interestProperty taxTotal
$80,000$426$35$628
$120,000$639$53$859
$160,000$852$71$1,089
$240,000$1,277$106$1,550
$330,000$1,756$146$2,069

How this calculator works

As the mortgage calculator, with West Virginia's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $865 ÷ median value $162,600.

What it assumes

  • Home insurance varies a lot by state and area; enter your quote.
  • County property tax rates differ from the state figure; see the county pages.

Questions people ask

What is the mortgage payment on a median home in West Virginia?

On $162,600 with 20% down at 7% over 30 years: about $865 principal and interest and $72 of property tax, $1,104 a month with $2,000 a year of insurance.

What is the median home value in West Virginia?

$162,600 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in West Virginia?

The effective rate is 0.53%, a median $865 a year. See West Virginia's property tax page for every county we cover.

How much income do I need for a median West Virginia home?

Under the 28% guideline, about $47,322 a year for the payment above; West Virginia's median household income is $59,608.

Mortgage calculator by state

Related calculators

  • Mortgage CalculatorYour full monthly mortgage payment: principal and interest, property tax, insurance, PMI and HOA dues, at this week's average rate, with a yearly amortization schedule.
  • West Virginia Property Tax CalculatorWest Virginia homeowners pay a median $865 a year in property tax, 0.53% of a median $162,600 home: the 41st highest effective rate of the 50 states and DC.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.