Mortgage on a $400K house in West Virginia
$2,524 a month with 20% down — $2,153 principal and interest plus $171 property tax and $200 insurance.
West Virginia's typical property tax is 0.51% of the home's value a year (U.S. average 0.9%), which adds $171 a month on a $400K home. The typical home in West Virginia is worth $176,576, so $400K is 127% above the typical price.
$400K 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 | $80,000 | $320,000 | $2,153 | $0 | $371 | $2,524 | $108,200 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $371 | $2,943 | $126,100 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $371 | $3,086 | $132,200 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $371 | $3,190 | $136,700 |
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 $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Jefferson County | $399,235 | 0.53% | $2,529 |
55 of 55 West Virginia counties tracked by Zillow have a typical home value at or below $400K. See all West Virginia home prices.
Other prices in West Virginia
Frequently asked questions
What is the mortgage on a $400K house in West Virginia?
About $2,524 a month with 20% down at 7.11%: $2,153 principal and interest, $171 property tax and $200 insurance.
How much do I need to make to buy a $400K house in West Virginia?
About $108,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in West Virginia?
At West Virginia's typical effective rate of 0.51%, about $2,051 a year. Rates vary by county and city — see the county pages.