Mortgage on a $800K house in West Virginia
$5,047 a month with 20% down — $4,305 principal and interest plus $342 property tax and $400 insurance.
West Virginia's typical property tax is 0.51% of the home's value a year (U.S. average 0.9%), which adds $342 a month on a $800K home. The typical home in West Virginia is worth $176,576, so $800K is 353% above the typical price.
$800K 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 | $160,000 | $640,000 | $4,305 | $0 | $742 | $5,047 | $216,300 |
| 10% down | $80,000 | $720,000 | $4,843 | $300 | $742 | $5,885 | $252,200 |
| 5% down | $40,000 | $760,000 | $5,113 | $317 | $742 | $6,171 | $264,500 |
| 3.5% down (FHA) | $28,000 | $785,510 | $5,284 | $354 | $742 | $6,380 | $273,400 |
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 $800K buy a typical home?
No West Virginia county has a typical home value within 15% of $800K.
55 of 55 West Virginia counties tracked by Zillow have a typical home value at or below $800K. See all West Virginia home prices.
Other prices in West Virginia
Frequently asked questions
What is the mortgage on a $800K house in West Virginia?
About $5,047 a month with 20% down at 7.11%: $4,305 principal and interest, $342 property tax and $400 insurance.
How much do I need to make to buy a $800K house in West Virginia?
About $216,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $800K house in West Virginia?
At West Virginia's typical effective rate of 0.51%, about $4,102 a year. Rates vary by county and city — see the county pages.