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.
Charleston mortgage calculator
A median-priced Charleston, WV home at 6.75% over 30 years, with West Virginia property tax of 0.57% and $1,600 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$1,251 a month, all in
Principal and interest are $970; escrow and PMI add the rest. Over the full term the loan costs $199,742 in interest. Discounted at 5%, buying here has a net present value of $86,668 ($220,460 in today’s dollars).
Within West Virginia, Charleston is 2nd of the 3 West Virginia markets covered here, between Morgantown at the top and Huntington at the bottom of a 1.29x spread. A state-level median hides most of that.
At $166,250 to buy and $1,000 a month to rent, the price-to-rent ratio is 13.9 — low. Ownership tends to pull ahead quickly at that level, and the binding question is transaction costs rather than the monthly comparison.
Rents here are high relative to prices — a rent index of 1.00 against a price index of 0.95. That combination favours buying sooner, because the payment you avoid is larger relative to the price you pay.
Monthly cost in Charleston vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $166,250 |
|---|---|
| Down payment (10%) | $16,625 |
| Loan amount | $149,625 |
| Principal & interest | $970/mo |
| Property tax (0.57%) | $79/mo |
| Homeowners insurance | $133/mo |
| PMI while above 80% LTV | $69/mo |
| Total monthly payment | $1,251/mo |
| Comparable rent | $1,000/mo |
What a rate move does to the Charleston payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $850/mo |
| 6% | $897/mo |
| 6.5% | $946/mo |
| 7% | $995/mo |
| 7.5% | $1,046/mo |
| 8% | $1,098/mo |
Rent or buy in Charleston?
Against $1,000 a month in rent, over 7 years renting leaves you about $376 better off — $317 once 2.5% inflation is stripped out. See the West Virginia rent-vs-buy page.
Where these numbers come from
West Virginia medians come from editorial and are refreshed weekly. The Charleston figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.