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.
Morgantown mortgage calculator
A median-priced Morgantown, 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.
$1,428 a month, all in
Principal and interest are $1,124; escrow and PMI add the rest. Over the full term the loan costs $231,281 in interest. Discounted at 5%, buying here has a net present value of $88,750 ($238,367 in today’s dollars).
Within West Virginia, Morgantown is the most expensive of the 3 West Virginia markets covered here. Prices here run 1.29x those in Huntington, the cheapest market listed, so a statewide average badly understates what a purchase costs on this side of the state.
At $192,500 to buy and $1,100 a month to rent, the price-to-rent ratio is 14.6 — low. Ownership tends to pull ahead quickly at that level, and the binding question is transaction costs rather than the monthly comparison.
Morgantown carries a premium over the rest of West Virginia: a median home here runs $192,500, about 10% above the state median of $175,000. The deposit moves with it, so the same 20% down is $38,500 rather than $35,000.
Monthly cost in Morgantown vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $192,500 |
|---|---|
| Down payment (10%) | $19,250 |
| Loan amount | $173,250 |
| Principal & interest | $1,124/mo |
| Property tax (0.57%) | $91/mo |
| Homeowners insurance | $133/mo |
| PMI while above 80% LTV | $79/mo |
| Total monthly payment | $1,428/mo |
| Comparable rent | $1,100/mo |
What a rate move does to the Morgantown payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $984/mo |
| 6% | $1,039/mo |
| 6.5% | $1,095/mo |
| 7% | $1,153/mo |
| 7.5% | $1,211/mo |
| 8% | $1,271/mo |
Rent or buy in Morgantown?
Against $1,100 a month in rent, over 7 years renting leaves you about $4,789 better off — $4,029 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 Morgantown 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.