Mortgage on a $150K house in West Virginia
$946 a month with 20% down — $807 principal and interest plus $64 property tax and $75 insurance.
West Virginia's typical property tax is 0.51% of the home's value a year (U.S. average 0.9%), which adds $64 a month on a $150K home. The typical home in West Virginia is worth $176,576, so $150K is 15% below the typical price.
$150K home in West Virginia: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,000 | $120,000 | $807 | $0 | $139 | $946 | $40,600 |
| 10% down | $15,000 | $135,000 | $908 | $56 | $139 | $1,103 | $47,300 |
| 5% down | $7,500 | $142,500 | $959 | $59 | $139 | $1,157 | $49,600 |
| 3.5% down (FHA) | $5,250 | $147,283 | $991 | $66 | $139 | $1,196 | $51,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.51% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in West Virginia does $150K buy a typical home?
In these counties the typical home value is within 15% of $150K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Harrison County | $149,834 | 0.55% | $951 |
| Kanawha County | $151,294 | 0.65% | $964 |
| Upshur County | $152,038 | 0.42% | $935 |
| Preston County | $145,690 | 0.49% | $943 |
| Mercer County | $145,481 | 0.54% | $950 |
| Summers County | $154,622 | 0.31% | $921 |
| Raleigh County | $157,221 | 0.5% | $945 |
| Wayne County | $141,785 | 0.47% | $941 |
| Hancock County | $141,600 | 0.63% | $961 |
| Ohio County | $159,042 | 0.6% | $957 |
| Nicholas County | $159,335 | 0.46% | $939 |
| Fayette County | $139,740 | 0.64% | $962 |
27 of 55 West Virginia counties tracked by Zillow have a typical home value at or below $150K. See all West Virginia home prices.
Other prices in West Virginia
Frequently asked questions
What is the mortgage on a $150K house in West Virginia?
About $946 a month with 20% down at 7.11%: $807 principal and interest, $64 property tax and $75 insurance.
How much do I need to make to buy a $150K house in West Virginia?
About $40,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $150K house in West Virginia?
At West Virginia's typical effective rate of 0.51%, about $769 a year. Rates vary by county and city — see the county pages.