Mortgage on a $300K house in West Virginia
$1,893 a month with 20% down — $1,614 principal and interest plus $128 property tax and $150 insurance.
West Virginia's typical property tax is 0.51% of the home's value a year (U.S. average 0.9%), which adds $128 a month on a $300K home. The typical home in West Virginia is worth $176,576, so $300K is 70% above the typical price.
$300K 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 | $60,000 | $240,000 | $1,614 | $0 | $278 | $1,893 | $81,100 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $278 | $2,207 | $94,600 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $278 | $2,314 | $99,200 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $278 | $2,392 | $102,500 |
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 $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Morgan County | $303,645 | 0.47% | $1,881 |
| Berkeley County | $321,823 | 0.52% | $1,896 |
| Monongalia County | $263,546 | 0.47% | $1,881 |
| Hampshire County | $256,369 | 0.38% | $1,860 |
52 of 55 West Virginia counties tracked by Zillow have a typical home value at or below $300K. See all West Virginia home prices.
Other prices in West Virginia
Frequently asked questions
What is the mortgage on a $300K house in West Virginia?
About $1,893 a month with 20% down at 7.11%: $1,614 principal and interest, $128 property tax and $150 insurance.
How much do I need to make to buy a $300K house in West Virginia?
About $81,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in West Virginia?
At West Virginia's typical effective rate of 0.51%, about $1,538 a year. Rates vary by county and city — see the county pages.