Virginia Mortgage Calculator

The Home Price field is pre-filled with Virginia's median home value (about $380,000). Override with your target home's actual price for a property-specific estimate.

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 from your county assessor or last tax bill, override it for a more precise estimate.

The Home Insurance default reflects Virginia's typical annual premium of approximately $1,100.

Adjust the Down Payment slider to compare scenarios. Below 20% down triggers PMI; the calculator adds it automatically and flags it.

The Virginia median home, in dollar terms. At $380,000 with a 20% down payment, you bring $76,000 to closing (plus closing costs) and take out a $304,000 mortgage. At today's 6.50% 30-year fixed rate, your monthly principal and interest is roughly $1,921.

Virginia's ongoing housing costs. The state's average property tax rate of 0.82% produces about $3,116 per year on a median-priced home — typically paid through escrow with your mortgage. Insurance averages $1,100/year in Virginia.

Total monthly payment (PITI) on the median Virginia home works out to about $2,273/month at current rates with 20% down and no HOA. Putting less down adds PMI; HOA dues add separately if your specific neighborhood requires them.

Your specific city matters. Median home prices vary widely within Virginia — major cities are usually 30-100% above the state median, rural areas can be well below. For city-specific calculators with local home prices pre-filled, use the city links below.