Conventional Loan Calculator — West Virginia
In West Virginia, one-unit loans up to $832,750–$1,249,125 are conforming. With 10% down on the typical $179,000 home, the $161,100 loan carries estimated PMI of 0.72% ($97/mo), which drops off after about 9 years once the balance reaches 80% of the price.
West Virginia has the 9th-lowest effective property tax rate of the 50 states at 0.51% — $716 less a year than the 0.91% state average on a $179,000 home. Homeowners insurance averages $1,860 a year, the 17th-lowest premium nationally and $860 less than the typical state.
Loan Parameters
Total Monthly Payment
$1,403
Principal & Interest + Taxes + Insurance
APR 7.488%
Total Interest
$225,918
Total Cost
$479,873
Advanced Parameters
Private Mortgage Insurance (PMI)
Your down payment is below 20%. PMI is estimated at 0.72% annually and is removed here when your LTV reaches 80%.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Feb 2035
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $12,901 | $1,627 | $11,274 | $1,160 | $159,473 | $19,527 |
| Year 2 | $12,901 | $1,745 | $11,155 | $1,160 | $157,728 | $21,272 |
| Year 3 | $12,901 | $1,872 | $11,029 | $1,160 | $155,856 | $23,144 |
| Year 4 | $12,901 | $2,008 | $10,893 | $1,160 | $153,848 | $25,152 |
| Year 5 | $12,901 | $2,154 | $10,747 | $1,160 | $151,695 | $27,305 |
| Year 6 | $12,901 | $2,310 | $10,591 | $1,160 | $149,385 | $29,615 |
| Year 7 | $12,901 | $2,478 | $10,423 | $1,160 | $146,907 | $32,093 |
| Year 8 | $12,901 | $2,658 | $10,243 | $1,160 | $144,249 | $34,751 |
| Year 9 | $12,901 | $2,851 | $10,050 | $387 | $141,399 | $37,601 |
| Year 10 | $12,901 | $3,058 | $9,843 | — | $138,341 | $40,659 |
| Year 11 | $12,901 | $3,280 | $9,621 | — | $135,062 | $43,938 |
| Year 12 | $12,901 | $3,518 | $9,383 | — | $131,544 | $47,456 |
| Year 13 | $12,901 | $3,773 | $9,128 | — | $127,771 | $51,229 |
| Year 14 | $12,901 | $4,047 | $8,854 | — | $123,724 | $55,276 |
| Year 15 | $12,901 | $4,341 | $8,560 | — | $119,383 | $59,617 |
| Year 16 | $12,901 | $4,656 | $8,245 | — | $114,727 | $64,273 |
| Year 17 | $12,901 | $4,994 | $7,906 | — | $109,733 | $69,267 |
| Year 18 | $12,901 | $5,357 | $7,544 | — | $104,376 | $74,624 |
| Year 19 | $12,901 | $5,746 | $7,155 | — | $98,630 | $80,370 |
| Year 20 | $12,901 | $6,163 | $6,738 | — | $92,467 | $86,533 |
| Year 21 | $12,901 | $6,610 | $6,290 | — | $85,857 | $93,143 |
| Year 22 | $12,901 | $7,090 | $5,810 | — | $78,766 | $100,234 |
| Year 23 | $12,901 | $7,605 | $5,295 | — | $71,161 | $107,839 |
| Year 24 | $12,901 | $8,157 | $4,743 | — | $63,003 | $115,997 |
| Year 25 | $12,901 | $8,750 | $4,151 | — | $54,254 | $124,746 |
| Year 26 | $12,901 | $9,385 | $3,515 | — | $44,869 | $134,131 |
| Year 27 | $12,901 | $10,067 | $2,834 | — | $34,802 | $144,198 |
| Year 28 | $12,901 | $10,798 | $2,103 | — | $24,004 | $154,996 |
| Year 29 | $12,901 | $11,582 | $1,319 | — | $12,423 | $166,577 |
| Year 30 | $12,901 | $12,423 | $478 | — | $0 | $179,000 |
Conventional Loan numbers for West Virginia
- Typical West Virginia home value
- $179,000
- 10% down ($17,900) · Zillow, August 31, 2026
- Loan amount
- $161,100
- conforming in all 55 West Virginia counties
- Estimated monthly payment
- $1,403
- APR 7.488%
- West Virginia property tax
- 0.51%
- $76/mo
- Homeowners insurance
- $1,860/yr
- $155/mo
- West Virginia conforming limit
- $832,750 – $1,249,125
- Above this, the loan is jumbo
- PMI
- 0.72% · $97/mo
- Drops off after 9 years
How much house can you afford in West Virginia with a conventional loan?
Highest price where principal, interest, West Virginia property tax, insurance and PMI stay within 28% of gross income —10% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $145,000 | $14,500 | 81% |
| $75,000 | $1,750 | $228,000 | $22,800 | 127% |
| $100,000 | $2,333 | $312,000 | $31,200 | 174% |
| $125,000 | $2,917 | $396,000 | $39,600 | 221% |
| $150,000 | $3,500 | $479,000 | $47,900 | 267% |
| $200,000 | $4,667 | $647,000 | $64,700 | 360% |
| $250,000 | $5,833 | $814,000 | $81,400 | 453% |
Conventional vs other loan types in West Virginia
$179,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $17,900 | $161,100 | — | $97 PMI | $1,403 | 7.488% |
| FHA | 3.5% · $6,265 | $175,758 | UFMIP $3,023 | $80 MIP | $1,484 | 7.761% |
| VA | 0% · $0 | $182,849 | Funding fee $3,849 | $0 | $1,451 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $35,800 | $143,200 | — | $0 | $1,187 | 7.030% |
Frequently asked questions
What is the monthly payment on a $179,000 home with a conventional loan in West Virginia?
Estimated $1,403 per month ($1,075 principal & interest, $76 property tax, $155 insurance, $97 PMI) at 7.03% for 30 years, with 10% down. APR 7.488%.
How much is PMI on a West Virginia conventional loan?
At 90% loan-to-value, PMI is estimated at 0.72% a year ($97/mo). It can be removed once the balance reaches 80% of the home's original value.
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Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- CFPB — What is private mortgage insurance?
- Homeowners Protection Act (PMI cancellation at 78–80% LTV)
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.