Virginia Mortgage Calculator

Estimate your monthly payment in Virginia — including property tax (0.75% effective rate), home insurance, and PMI. Pre-filled with Virginia averages for 2026.

$
%

= $76,000 down

%
years
Estimated payment
Total monthly payment
$2,301
Principal & interest
$1,972
Property tax (0.75%)
$238
Home insurance
$92
Loan amount
$304,000
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Mortgage costs in Virginia

Median home price
$380,000
Effective property tax
0.75%
Typical home insurance
$1,100/yr

The average Virginia homeowner pays roughly $238/month in property tax on a median-priced home, plus about $92/month in home insurance. Property tax is billed by your county — actual rates vary from the state average, so check your county assessor's site for exact figures.

How much house can I afford in Virginia?

A common rule is to keep total housing costs (PITI) under 28% of gross monthly income. At current rates, buying the median Virginia home ($380,000) with 20% down requires roughly $98,610 in annual income.

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