Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
West Virginia mortgage costs
What a typical West Virginia (WV) purchase actually costs each month once property tax, insurance and PMI are included — and how to model your own numbers.
| Median home price | $175,000 |
|---|---|
| 10% down payment | $17,500 |
| Loan amount | $157,500 |
| Principal & interest (30yr @ 6.75%) | $1,022/mo |
| Property tax (0.57%) | $83/mo |
| Homeowners insurance | $133/mo |
| PMI (until 20% equity) | $66/mo |
| Estimated total monthly | $1,304/mo |
Illustrative only, at a 6.75% sample rate with 10% down. Your rate, tax assessment and insurance premium will differ.
What makes West Virginia different
The cheapest median home in the country; fixed closing costs, not the rate, drive the rent-vs-buy break-even.
Entry prices are among the country's more forgiving: a median $175,000 is the lowest in the country, $167,500 below the national median, so a 20% deposit is roughly $35,000.
Worth noticing: insurance costs more than property tax here ($133 against $83 a month). That is the minority case nationally, and it means the usual advice to shop for a lower assessment matters less than shopping the policy.
A median home costs $175,000 and a comparable one rents for $1,000, a price-to-rent ratio of 14.6 — the 5th lowest in the country. At that level buying overtakes renting quickly, and the question is mostly whether you will stay long enough to clear the closing costs.
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