Calculate your monthly mortgage payment in Virginia. Pre-filled with Virginia's median home price of $380,000 and an average property tax rate of 0.82%.
Est. Monthly Payment
$2,648
Principal & Interest
$2,230
Property Tax / mo
$260
Total Interest Paid
$460,650
| Home Price | $380,000 | Median home price in Virginia (2025) |
| Down Payment | 10% ($38,000) | Typical down payment percentage |
| Loan Amount | $342,000 | Home price minus down payment |
| Interest Rate | 6.8% | Approximate 30-year fixed rate (2025 avg) |
| Loan Term | 30 years | Most common mortgage term |
| Property Tax | 0.82% / year | Virginia average effective rate |
| Home Insurance | 0.5% / year | Approximate annual premium |
VHDA Down Payment Assistance Grant, Loan Combo, Community Heroes
Cost of living: High · Population: 8,631,393
Virginia has a median home price of approximately $380,000, placing it above the national median. With a 10% down payment of $38,000, a typical buyer would finance $342,000 over 30 years. At a 6.8% fixed rate, the monthly principal and interest payment comes to $2,230.
Property taxes in Virginia average 0.82% of the assessed home value annually — one of the moderate rates in the country. Combined with an estimated $158 for homeowners insurance, your all-in monthly housing cost is approximately $2,648.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $113,468 to qualify comfortably. The median household income in Virginia is $80,963.
