Mortgage on a $350K house in West Virginia
$2,208 a month with 20% down — $1,884 principal and interest plus $150 property tax and $175 insurance.
West Virginia's typical property tax is 0.51% of the home's value a year (U.S. average 0.9%), which adds $150 a month on a $350K home. The typical home in West Virginia is worth $176,576, so $350K is 98% above the typical price.
$350K 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 | $70,000 | $280,000 | $1,884 | $0 | $325 | $2,208 | $94,600 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $325 | $2,575 | $110,300 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $325 | $2,700 | $115,700 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $325 | $2,791 | $119,600 |
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 $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Berkeley County | $321,823 | 0.52% | $2,212 |
| Morgan County | $303,645 | 0.47% | $2,195 |
| Jefferson County | $399,235 | 0.53% | $2,213 |
54 of 55 West Virginia counties tracked by Zillow have a typical home value at or below $350K. See all West Virginia home prices.
Other prices in West Virginia
Frequently asked questions
What is the mortgage on a $350K house in West Virginia?
About $2,208 a month with 20% down at 7.11%: $1,884 principal and interest, $150 property tax and $175 insurance.
How much do I need to make to buy a $350K house in West Virginia?
About $94,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in West Virginia?
At West Virginia's typical effective rate of 0.51%, about $1,795 a year. Rates vary by county and city — see the county pages.