FHA Loan Calculator — West Virginia
On the typical West Virginia home ($179,000), 3.5% down leaves a $172,735 base loan. The 1.75% upfront premium ($3,023) is financed, for a $175,758 loan, and annual MIP of 0.55% adds $80 a month for the life of the loan. West Virginia FHA limits run $541,287–$1,249,125 by county.
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
$1,484
Principal & Interest + Taxes + Insurance
APR 7.761%
Total Interest
$246,477
Total Cost
$524,707
Advanced Parameters
FHA Mortgage Insurance Premium (MIP)
Annual MIP of 0.55% is billed monthly on the average balance of each loan year. With less than 10% down it lasts for the life of the loan; with 10% or more down it ends after 11 years. A 1.75% upfront premium is also added to the loan.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Full term
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | MIP | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $14,074 | $1,775 | $12,299 | $962 | $173,983 | $5,017 |
| Year 2 | $14,074 | $1,904 | $12,170 | $952 | $172,079 | $6,921 |
| Year 3 | $14,074 | $2,042 | $12,032 | $941 | $170,037 | $8,963 |
| Year 4 | $14,074 | $2,190 | $11,884 | $930 | $167,846 | $11,154 |
| Year 5 | $14,074 | $2,349 | $11,725 | $917 | $165,497 | $13,503 |
| Year 6 | $14,074 | $2,520 | $11,554 | $904 | $162,977 | $16,023 |
| Year 7 | $14,074 | $2,703 | $11,371 | $890 | $160,274 | $18,726 |
| Year 8 | $14,074 | $2,899 | $11,175 | $874 | $157,375 | $21,625 |
| Year 9 | $14,074 | $3,110 | $10,964 | $858 | $154,265 | $24,735 |
| Year 10 | $14,074 | $3,336 | $10,739 | $840 | $150,929 | $28,071 |
| Year 11 | $14,074 | $3,578 | $10,496 | $821 | $147,351 | $31,649 |
| Year 12 | $14,074 | $3,838 | $10,237 | $801 | $143,514 | $35,486 |
| Year 13 | $14,074 | $4,116 | $9,958 | $779 | $139,397 | $39,603 |
| Year 14 | $14,074 | $4,415 | $9,659 | $756 | $134,982 | $44,018 |
| Year 15 | $14,074 | $4,736 | $9,339 | $731 | $130,246 | $48,754 |
| Year 16 | $14,074 | $5,080 | $8,995 | $704 | $125,167 | $53,833 |
| Year 17 | $14,074 | $5,448 | $8,626 | $675 | $119,718 | $59,282 |
| Year 18 | $14,074 | $5,844 | $8,230 | $644 | $113,874 | $65,126 |
| Year 19 | $14,074 | $6,268 | $7,806 | $611 | $107,606 | $71,394 |
| Year 20 | $14,074 | $6,724 | $7,351 | $575 | $100,883 | $78,117 |
| Year 21 | $14,074 | $7,212 | $6,863 | $537 | $93,671 | $85,329 |
| Year 22 | $14,074 | $7,735 | $6,339 | $496 | $85,936 | $93,064 |
| Year 23 | $14,074 | $8,297 | $5,777 | $452 | $77,639 | $101,361 |
| Year 24 | $14,074 | $8,899 | $5,175 | $405 | $68,739 | $110,261 |
| Year 25 | $14,074 | $9,546 | $4,529 | $354 | $59,193 | $119,807 |
| Year 26 | $14,074 | $10,239 | $3,836 | $300 | $48,955 | $130,045 |
| Year 27 | $14,074 | $10,982 | $3,092 | $242 | $37,972 | $141,028 |
| Year 28 | $14,074 | $11,780 | $2,295 | $180 | $26,193 | $152,807 |
| Year 29 | $14,074 | $12,635 | $1,439 | $113 | $13,558 | $165,442 |
| Year 30 | $14,080 | $13,558 | $522 | $41 | $0 | $179,000 |
FHA Loan numbers for West Virginia
- Typical West Virginia home value
- $179,000
- 3.5% down ($6,265) · Zillow, August 31, 2026
- Loan amount
- $175,758
- Includes $3,023 financed UFMIP
- Estimated monthly payment
- $1,484
- APR 7.761%
- West Virginia property tax
- 0.51%
- $76/mo
- Homeowners insurance
- $1,860/yr
- $155/mo
- Upfront MIP (1.75%)
- $3,023
- Financed into the loan
- Annual MIP
- 0.55%
- $80/mo in year 1 · life of loan
- West Virginia FHA loan limit
- $541,287 – $1,249,125
- One-unit, by county
How much house can you afford in West Virginia with an fha loan?
Highest price where principal, interest, West Virginia property tax, insurance and FHA mortgage insurance (1.75% upfront premium financed, 0.55% annual MIP) stay within 28% of gross income —3.5% 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 |
|---|---|---|---|---|
| $40,000 | $933 | $104,000 | $3,640 | 58% |
| $50,000 | $1,167 | $136,000 | $4,760 | 76% |
| $60,000 | $1,400 | $167,000 | $5,845 | 93% |
| $75,000 | $1,750 | $214,000 | $7,490 | 119% |
| $100,000 | $2,333 | $293,000 | $10,255 | 163% |
| $125,000 | $2,917 | $371,000 | $12,985 | 207% |
| $150,000 | $3,500 | $450,000 | $15,750 | 251% |
FHA 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% |
West Virginia high-cost counties (2026)
1 county has a one-unit conforming limit above the $832,750 baseline. Loans up to these amounts are conforming, not jumbo.
- Jefferson County$1,249,125
Frequently asked questions
What is the monthly payment on a $179,000 home with an fha loan in West Virginia?
Estimated $1,484 per month ($1,173 principal & interest, $76 property tax, $155 insurance, $80 FHA mortgage insurance) at 7.03% for 30 years, with 3.5% down. APR 7.761%.
What is the FHA loan limit in West Virginia for 2026?
Between $541,287 and $1,249,125 depending on the county for a one-unit home. $541,287 is the national FHA floor; counties with higher home prices get higher limits. Check your exact county on HUD's FHA mortgage limits lookup.
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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
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- 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
- HUD Mortgagee Letter 2023-05 (annual MIP schedule)
- HUD — FHA single family housing policy handbook 4000.1
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.