Virginia Beach Mortgage Calculator
Estimate your monthly mortgage payment in Virginia Beach, VA. On the local median home value of $365,000 — with a 20% down payment at today's rates — expect a total monthly payment (principal, interest, taxes, and insurance) of about $2,187. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$1,846
- Property Tax$249
- Home Insurance$92
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $22,148 | $3,264 | $18,884 | $288,736 |
| 2 | $22,148 | $3,482 | $18,665 | $285,254 |
| 3 | $22,148 | $3,716 | $18,432 | $281,538 |
| 4 | $22,148 | $3,964 | $18,183 | $277,574 |
| 5 | $22,148 | $4,230 | $17,918 | $273,344 |
| 6 | $22,148 | $4,513 | $17,634 | $268,831 |
| 7 | $22,148 | $4,815 | $17,332 | $264,015 |
| 8 | $22,148 | $5,138 | $17,010 | $258,877 |
| 9 | $22,148 | $5,482 | $16,666 | $253,395 |
| 10 | $22,148 | $5,849 | $16,298 | $247,546 |
| 11 | $22,148 | $6,241 | $15,907 | $241,305 |
| 12 | $22,148 | $6,659 | $15,489 | $234,647 |
| 13 | $22,148 | $7,105 | $15,043 | $227,542 |
| 14 | $22,148 | $7,581 | $14,567 | $219,961 |
| 15 | $22,148 | $8,088 | $14,059 | $211,873 |
| 16 | $22,148 | $8,630 | $13,518 | $203,243 |
| 17 | $22,148 | $9,208 | $12,940 | $194,035 |
| 18 | $22,148 | $9,825 | $12,323 | $184,210 |
| 19 | $22,148 | $10,483 | $11,665 | $173,727 |
| 20 | $22,148 | $11,185 | $10,963 | $162,543 |
| 21 | $22,148 | $11,934 | $10,214 | $150,609 |
| 22 | $22,148 | $12,733 | $9,415 | $137,876 |
| 23 | $22,148 | $13,586 | $8,562 | $124,290 |
| 24 | $22,148 | $14,496 | $7,652 | $109,795 |
| 25 | $22,148 | $15,466 | $6,681 | $94,328 |
| 26 | $22,148 | $16,502 | $5,645 | $77,826 |
| 27 | $22,148 | $17,607 | $4,540 | $60,219 |
| 28 | $22,148 | $18,787 | $3,361 | $41,432 |
| 29 | $22,148 | $20,045 | $2,103 | $21,387 |
| 30 | $22,148 | $21,387 | $760 | $0 |
Swipe the table sideways to see all columns →
How to use this calculator
The Home Price field is pre-filled with the median home value in Virginia Beach (about $365,000). Override with your target home's actual price to get a payment estimate for that specific property.
The Property Tax Rate is pre-filled with Virginia's average effective rate of 0.82%. Within Virginia, rates vary by county — if you know your specific local rate, override it for a more precise estimate.
Adjust the Down Payment slider to see how your payment changes. Below 20% down triggers PMI; the calculator adds it automatically and shows a warning.
Scroll down for the full PITI breakdown, monthly payment pie chart, and complete month-by-month amortization schedule.
How it works
Buying a median-priced home in Virginia Beach. At $365,000 with a 20% down payment, you'd bring $73,000 to closing (plus closing costs) and take out a $292,000 mortgage. At a 6.50% interest rate on a 30-year fixed loan, your monthly principal + interest is roughly $1,846.
Annual costs on top of the loan. Virginia's average property tax rate is 0.82%, so a median-priced Virginia Beach home generates approximately $2,993 in annual property tax (about $249/mo when paid through escrow). Homeowner's insurance in Virginia averages around $1,100/year.
Total monthly payment (PITI) on the median Virginia Beach home works out to about $2,187 per month at current rates, assuming a 20% down payment and no HOA. If you're putting less than 20% down, add PMI to this — typically 0.5–1.5% of the loan balance per year.
Rates change; this is the math, not the offer. Mortgage rates fluctuate daily. Our default of 6.50% is a recent conventional 30-year benchmark — enter today's quoted rate from your lender for the most accurate payment estimate.
Frequently Asked Questions
Looking for a different city? Browse all cities. For Virginia-specific property taxes, see the Virginia Property Tax Calculator.