US mortgage calculator (all states)
Virginia balances a strong job market — especially in Northern Virginia — with mid-to-high home prices. The statewide median is about $415,000 in 2026, but the DC suburbs skew far higher. Property taxes are relatively modest: an effective rate near 0.82% keeps annual tax on a typical home around $3,400. VHDA provides first-time buyer and down payment programs across the commonwealth.
Current Rates (Freddie Mac PMMS)
30-Year Fixed: 15-Year Fixed: Rates verified Oct 21, 2026
Adjust values — results update instantly.
State: Virginia (median-style home price, tax, and insurance pre-filled — edit as needed)
Illustrative property tax and insurance — NoVA assessments and insurance vary. Not a loan offer.
Dollar amount. PMI applies when under 20% of home price.
PMI is estimated at 0.5% of the loan amount per year when your down payment is below 20% of the purchase price.
Total monthly payment
$2,553
| Location | Median price | Notes |
|---|---|---|
| Virginia (state) | ~$415,000 | Illustrative median |
| Northern Virginia | $650,000+ | DC commute markets |
| Richmond metro | ~$350,000–$400,000 | Capital region |
| Hampton Roads | ~$320,000–$380,000 | Norfolk, Virginia Beach |
| Charlottesville / college towns | Premium vs rural | University demand |
| Cost | Rate/amount | Notes |
|---|---|---|
| Property tax rate | ~0.82% effective | Below US average |
| Annual tax ($415k home) | ~$3,400 | ~$283/month |
| Conforming loan limit | $832,750 | Standard (NoVA may be higher) |
| High-cost areas | Elevated limits | Check FHFA county list |
| Home insurance | ~$1,200–$1,800/year | Varies by carrier |
VHDA offers conventional and government-insured loans with competitive rates, plus down payment assistance for eligible buyers. Military buyers in Virginia often use VA loans with no down payment. In competitive NoVA markets, getting fully underwritten pre-approval helps bids stand out.
Virginia’s median home value is approximately $415,000 in 2026. Northern Virginia (Fairfax, Arlington, Loudoun) typically runs $650,000–$900,000+, driven by DC commuting demand. Richmond and Hampton Roads offer mid-priced inventory, while rural areas remain more affordable.
Virginia’s effective property tax rate is about 0.82% of home value — below the national average. On a $415,000 home, annual taxes are roughly $3,400 (~$283/month in escrow). Local rates and assessments vary by county and city.
For a $415,000 home with 20% down ($83,000), the loan is $332,000. At 6.5% over 30 years, principal and interest are about $2,098/month. Adding property tax (~$283/month) and insurance (~$117/month), total payment is near $2,500, often requiring roughly $90,000–$100,000+ gross income for conventional underwriting — NoVA buyers need higher incomes for typical prices there.
The Virginia Housing Development Authority (VHDA) offers first-time and repeat buyer loans, down payment grants, and closing cost assistance for eligible borrowers. Income and purchase-price limits apply by region; rates are set with participating lenders.
Educational estimates only. Not a mortgage offer or tax advice.