Can I Afford a $150K Home in West Virginia?
Complete mortgage breakdown for a $150,000 home in West Virginia, including monthly payments, property taxes, insurance, and the salary you need to qualify.
Estimated Monthly Payment (20% down)
$985/mo
P&I: $788 + Tax: $71 + Insurance: $125
Monthly Payment by Down Payment
| Down Payment | Amount | Monthly | Income Needed |
|---|---|---|---|
| 3% | $4,500 | $1,213 | $51,973 |
| 5% | $7,500 | $1,192 | $51,075 |
| 10% | $15,000 | $1,139 | $48,829 |
| 20% | $30,000 | $985 | $42,196 |
Monthly Cost Breakdown (West Virginia)
Principal & Interest
$788/mo
Property Tax (0.57%)
$71/mo
Homeowners Insurance
$125/mo
Total Interest (30-yr)
$163,793
Affordability Rules of Thumb
28% Rule (Housing)
$42,196/yr
Minimum gross income
36% Rule (All Debt)
$32,819/yr
If no other debt
3Ã Income Rule
$50,000/yr
Conservative target
Buying a $150K Home in West Virginia
A $150,000 home in West Virginia is at or below the national median home price. With a 20% down payment of $30,000, your estimated monthly payment of $985 is achievable on a salary of $42,196 or more. West Virginia's property tax rate of 0.57% is relatively low, helping keep costs down.
These estimates assume a 6.875% 30-year fixed mortgage rate. Use our mortgage calculator for custom scenarios, or check what salary you can afford in West Virginia.