Monthly Payment on a $167,589 Home in West Virginia
West Virginia falls into the affordable tier of the US housing market, with a median home price of $167,589. The state's effective property tax rate is 0.60% and average annual homeowners insurance is $1,009.
Below we break down the estimated monthly costs for a $167,589 home in West Virginia, using state-specific data for property taxes and insurance.
With a standard 20% down payment ($134,071 loan) and a 6.5% interest rate on a 30-year fixed-rate mortgage, your estimated total monthly payment comes to $1,015.
Monthly Payment Breakdown (PITI)
| Component | Monthly Cost | Annual Cost |
|---|---|---|
| Principal & Interest | $847 | $10,164 |
| Property Taxes (0.60% est.) | $84 | $1,008 |
| Home Insurance | $84 | $1,008 |
| Total Monthly Payment | $1,015 | $12,180 |
Income Required in West Virginia
Using the standard 28% front-end DTI rule, you'd need a gross annual income of approximately $44,000 to comfortably afford the median-priced home in West Virginia with 20% down at 6.5%.
How Interest Shapes Your Payments
In your first year, approximately $8,671 goes toward interest alone. Over the full 30-year term, you'll pay a total of $171,000 in interest.
Amortization Schedule — First 10 Years
| Year | Principal Paid | Interest Paid | Balance Remaining |
|---|---|---|---|
| 1 | $1,499 | $8,671 | $132,573 |
| 2 | $1,599 | $8,570 | $130,974 |
| 3 | $1,706 | $8,463 | $129,268 |
| 4 | $1,820 | $8,349 | $127,448 |
| 5 | $1,942 | $8,227 | $125,505 |
| 6 | $2,072 | $8,097 | $123,433 |
| 7 | $2,211 | $7,958 | $121,222 |
| 8 | $2,359 | $7,810 | $118,863 |
| 9 | $2,517 | $7,652 | $116,346 |
| 10 | $2,686 | $7,483 | $113,660 |
* Full 30-year amortization available in our interactive calculator.
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Disclaimer: This is an estimate for informational purposes only. Actual mortgage payments depend on your credit score, exact interest rate, property taxes, insurance premiums, PMI, and other factors. Sources: Zillow Q1 2025 (median home prices), ATTOM 2025 (property tax rates), Quadrant Information Services Feb 2025 (insurance premiums). Consult a qualified mortgage professional for personalized advice. See our full Disclaimer.