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Virginia Mortgage Calculator

Your monthly mortgage payment in Virginia, with Virginia's effective property tax rate (0.73%) built in, at this week's average rate. The calculator starts at the state's median home value, $383,700.

A $384,000 home with 20% down ($307,200 borrowed) at 7.28% over 30 years costs about $2,501 a month: $2,102 principal and interest plus $399 of tax, insurance and dues.

Monthly payment
$2,501.21
Principal and interest
$2,101.90
Tax, insurance, PMI and HOA
$399.31
Total interest over the loan
$449,484
Loan balance and interest paid over 30 years at 7.28%$0$100k$200k$300k$400k$500k051015202530Years━Balance owed━Interest paid so far
Download the schedule (CSV)
Amortization by year: $307,200 at 7.28%
YearInterestPrincipalBalance
1$22,266.82$2,955.98$304,244.02
2$22,044.30$3,178.50$301,065.52
3$21,805.02$3,417.78$297,647.74
4$21,547.74$3,675.06$293,972.67
5$21,271.08$3,951.72$290,020.96
6$20,973.60$4,249.20$285,771.76
7$20,653.73$4,569.07$281,202.68
8$20,309.77$4,913.03$276,289.65
9$19,939.92$5,282.88$271,006.77
10$19,542.24$5,680.57$265,326.21
11$19,114.61$6,108.19$259,218.02
12$18,654.79$6,568.01$252,650.00
13$18,160.36$7,062.44$245,587.56
14$17,628.71$7,594.10$237,993.46
15$17,057.03$8,165.77$229,827.69
16$16,442.32$8,780.48$221,047.21
17$15,781.33$9,441.47$211,605.74
18$15,070.59$10,152.21$201,453.53
19$14,306.34$10,916.46$190,537.08
20$13,484.57$11,738.24$178,798.84
21$12,600.92$12,621.88$166,176.96
22$11,650.76$13,572.04$152,604.92
23$10,629.08$14,593.73$138,011.20
24$9,530.48$15,692.33$122,318.87
25$8,349.17$16,873.63$105,445.25
26$7,078.95$18,143.85$87,301.39
27$5,713.10$19,509.70$67,791.69
28$4,244.43$20,978.37$46,813.31
29$2,665.20$22,557.60$24,255.71
30$967.09$24,255.71$0.00

This week's mortgage rates →

Monthly payment in Virginia by home price (20% down, 7%, 30 years, 0.73% tax, $2,000 insurance)

Home pricePrincipal and interestProperty taxTotal
$190,000$1,011$115$1,293
$290,000$1,544$176$1,886
$380,000$2,023$230$2,419
$580,000$3,087$351$3,605
$770,000$4,098$466$4,731

How this calculator works

As the mortgage calculator, with Virginia's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $2,790 ÷ median value $383,700.

What it assumes

  • Home insurance varies a lot by state and area; enter your quote.
  • County property tax rates differ from the state figure; see the county pages.

Questions people ask

What is the mortgage payment on a median home in Virginia?

On $383,700 with 20% down at 7% over 30 years: about $2,042 principal and interest and $232 of property tax, $2,441 a month with $2,000 a year of insurance.

What is the median home value in Virginia?

$383,700 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Virginia?

The effective rate is 0.73%, a median $2,790 a year. See Virginia's property tax page for every county we cover.

How much income do I need for a median Virginia home?

Under the 28% guideline, about $104,629 a year for the payment above; Virginia's median household income is $93,170.

Mortgage calculator by state

Related calculators

  • Mortgage CalculatorYour full monthly mortgage payment: principal and interest, property tax, insurance, PMI and HOA dues, at this week's average rate, with a yearly amortization schedule.
  • Virginia Property Tax CalculatorVirginia homeowners pay a median $2,790 a year in property tax, 0.73% of a median $383,700 home: the 31st highest effective rate of the 50 states and DC.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.