Home and mortgage

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.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$2,480.39The answer

Monthly payment

$2,480.39

A $384,000 home with 20% down ($307,200 borrowed) at 7.18% over 30 years costs about $2,480 a month: $2,081 principal and interest plus $399 of tax, insurance and dues.

Principal and interest: $2,081.08
Tax, insurance, PMI and HOA: $399.31
Total interest over the loan: $441,989

Amortization by year: $307,200 at 7.18%

Year	Interest	Principal	Balance
1	$21,959.06	$3,013.90	$304,186.10
2	$21,735.40	$3,237.56	$300,948.54
3	$21,495.14	$3,477.82	$297,470.72
4	$21,237.04	$3,735.91	$293,734.80
5	$20,959.80	$4,013.16	$289,721.65
6	$20,661.98	$4,310.98	$285,410.67
7	$20,342.06	$4,630.90	$280,779.77
8	$19,998.40	$4,974.56	$275,805.21
9	$19,629.23	$5,343.72	$270,461.49
10	$19,232.67	$5,740.28	$264,721.20
11	$18,806.68	$6,166.27	$258,554.93
12	$18,349.08	$6,623.88	$251,931.05
13	$17,857.52	$7,115.44	$244,815.61
14	$17,329.48	$7,643.48	$237,172.13
15	$16,762.25	$8,210.71	$228,961.43
16	$16,152.93	$8,820.03	$220,141.40
17	$15,498.39	$9,474.57	$210,666.83
18	$14,795.28	$10,177.68	$200,489.15
19	$14,039.99	$10,932.97	$189,556.18
20	$13,228.64	$11,744.31	$177,811.86
21	$12,357.09	$12,615.87	$165,196.00
22	$11,420.86	$13,552.10	$151,643.90
23	$10,415.15	$14,557.81	$137,086.09
24	$9,334.81	$15,638.15	$121,447.94
25	$8,174.29	$16,798.67	$104,649.27
26	$6,927.65	$18,045.31	$86,603.97
27	$5,588.50	$19,384.46	$67,219.51
28	$4,149.97	$20,822.99	$46,396.52
29	$2,604.68	$22,368.28	$24,028.24
30	$944.72	$24,028.24	$0.00

Download the schedule (CSV)

This week's mortgage rates

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

Home price	Principal and interest	Property tax	Total
$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.

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.

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Sources

Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.