Typical West Virginia mortgage payment
The median home price in West Virginia is roughly $165,000. Here's the estimated monthly principal & interest payment on that amount, by rate and term:
| Rate | 15-year | 30-year |
|---|---|---|
| 5.00% | $1,305 | $886 |
| 5.50% | $1,348 | $937 |
| 6.00% | $1,392 | $989 |
| 6.50% | $1,437 | $1,043 |
| 7.00% | $1,483 | $1,098 |
| 7.50% | $1,530 | $1,154 |
| 8.00% | $1,577 | $1,211 |
At 6.50% over 30 years, a $165,000 home in West Virginia costs about $1,043/month in principal & interest.
What affects your West Virginia payment?
- Property taxes & insurance vary by county and aren't included above.
- Down payment: 20% down avoids private mortgage insurance (PMI).
- Loan term: a 15-year loan saves enormous interest vs. 30 years.
Median price is an approximate estimate. Figures are principal & interest only and exclude taxes, insurance and fees. Not financial advice.