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Raleigh County Conventional Mortgage Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Raleigh County, West Virginia based on real HMDA transaction records.

Loan Details

Raleigh County, WV Benchmarks

Conventional averages
Typical Property Value$244,941
Average Down Payment22.6%
Average Interest Rate6.769%
Effective Tax Rate0.49%
Median Tax Paid$754/yr
Tax Growth (Historical)-0.2%
Based on 850 regional loans totaling $112,350,000 (HMDA database).
$
%

$55,357 down · $189,584 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$100 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,482/mo

  • Principal & Interest$1,232
  • Property Tax$100
  • Home Insurance$150
Amortization · Remaining Balance

Loan Amount

$189,584

Total Interest

$253,994

Total of Payments

$443,578

Local Market Insights

Raleigh County Conventional Mortgage Overview

For Raleigh County conventional buyers, the 22.60% average down payment and 77.40% LTV ratio indicate strong credit profiles and immediate equity. This down payment exceeds the 20% threshold, meaning most buyers avoid Private Mortgage Insurance (PMI) from the start, lowering monthly costs. With the effective property tax rate at a low 0.49% and an inflation-adjusted decline of -0.2%, property taxes are both affordable and stable, enhancing true monthly affordability for owner-occupied homes. A conventional mortgage with property taxes in Raleigh County, WV typically offers a lower payment than FHA loans, as there is no mandatory life-of-loan MIP. For a conventional loan with taxes in Raleigh County, West Virginia, this data confirms a low-risk, equity-rich market for primary residences.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.