Virginia Mortgage Calculator (2026)

Rates as of Oct 22 2026 · county tax data: ACS 2020–2024, released 2026-01-29

Statewide avg. effective tax rate

0.73%

Median home value

$733,000

Home insurance (est.)

$1,500/yr

Estimated PITI at the Virginia median home price of $733,000, 20% down, 30-year fixed at 7.32%: $4,770/mo. The tax line uses Fairfax County's effective rate of 1.01% and insurance of $1,500/yr — the calculator's default county. Buyer's transfer tax: usually paid by seller (0.25% (grantor)).

Payment calculator

Loan type

Home price

Down payment

$146,600 cash

Interest rate

30-yr fixed base 7.32% · credit adj +0.00% → 7.32% · PMMS Oct 22 2026

Loan term

Credit score

Countysets local tax & insurance

Picking a county updates the local property tax rate and insurance estimate — your home price stays as entered.

Advanced — HOA & extra payments

HOA fees (monthly)

Extra payment (monthly)

Estimated monthly payment

$4,770.10/mo

Principal & interest$4,028.16

Property tax$616.94

Home insurance$125.00

Covers principal & interest, property tax, insurance and mortgage insurance (when it applies). HOA counts only if entered above — left blank it is $0.

Loan amount$586,400

Down payment$146,600

LTV80%

Total interest$863,738

Payoff date…

Cash to close (estimate)

Down payment$146,600

Closing costs (2%–5%)$14,660 – $36,650

Est. cash needed$161,260 – $183,250

Transfer tax: 0.25% (grantor)usually paid by seller

Virginia puts the transfer tax on the seller, so it isn't part of your cash to close.

Using Fairfax County effective rate 1.01% · insurance $1,500/yr

Amortization

Year 12Hover or drag to read any year

Principal paid

$103,583

Interest paid

$476,473

Still owed

$482,817

$1M$750k$500k$250k$0

08152330

All three lines are running totals since the loan started — not a breakdown of the monthly payment.

What local costs matter in Virginia?

Effective property tax rate ~0.78%, below the U.S. average

Grantor's tax $0.25/$100 (about 0.25%), paid by the seller

Assessment caps protect owners; no broad homestead credit

High-priced DC suburbs amplify the SALT cap

All 133 Virginia counties — property tax rates

County

Effective tax rate

Property tax /mo

Insurance (est.)

Fairfax County

1.01%

$$617

$1,500/yr

Prince William County

0.94%

$$574

$1,450/yr

Loudoun County

0.85%

$$519

$1,400/yr

Chesterfield County

0.76%

$$464

$1,350/yr

Henrico County

0.71%

$$434

$1,350/yr

Accomack County

0.48%

$$293

$1,500/yr

Albemarle County

0.75%

$$458

$1,500/yr

Alexandria city

0.96%

$$586

$1,500/yr

Alleghany County

0.79%

$$483

$1,500/yr

Amelia County

0.38%

$$232

$1,500/yr

Amherst County

0.46%

$$281

$1,500/yr

Appomattox County

0.52%

$$318

$1,500/yr

Show all 133 counties

County	Effective tax rate	Property tax /mo	Insurance (est.)
Arlington County	0.91%	$$556	$1,500/yr
Augusta County	0.47%	$$287	$1,500/yr
Bath County	0.39%	$$238	$1,500/yr
Bedford County	0.43%	$$263	$1,500/yr
Bland County	0.56%	$$342	$1,500/yr
Botetourt County	0.64%	$$391	$1,500/yr
Bristol city	0.75%	$$458	$1,500/yr
Brunswick County	0.57%	$$348	$1,500/yr
Buchanan County	0.44%	$$269	$1,500/yr
Buckingham County	0.52%	$$318	$1,500/yr
Buena Vista city	0.91%	$$556	$1,500/yr
Campbell County	0.45%	$$275	$1,500/yr
Caroline County	0.52%	$$318	$1,500/yr
Carroll County	0.53%	$$324	$1,500/yr
Charles City County	0.56%	$$342	$1,500/yr
Charlotte County	0.52%	$$318	$1,500/yr
Charlottesville city	0.8%	$$489	$1,500/yr
Chesapeake city	0.82%	$$501	$1,500/yr
Clarke County	0.48%	$$293	$1,500/yr
Colonial Heights city	0.84%	$$513	$1,500/yr
Covington city	0.82%	$$501	$1,500/yr
Craig County	0.56%	$$342	$1,500/yr
Culpeper County	0.52%	$$318	$1,500/yr
Cumberland County	0.57%	$$348	$1,500/yr
Danville city	0.65%	$$397	$1,500/yr
Dickenson County	0.47%	$$287	$1,500/yr
Dinwiddie County	0.55%	$$336	$1,500/yr
Emporia city	0.79%	$$483	$1,500/yr
Essex County	0.57%	$$348	$1,500/yr
Fairfax city	0.9%	$$550	$1,500/yr
Falls Church city	≥ 0.95%	$$580	$1,500/yr
Fauquier County	0.75%	$$458	$1,500/yr
Floyd County	0.55%	$$336	$1,500/yr
Fluvanna County	0.63%	$$385	$1,500/yr
Franklin city	0.71%	$$434	$1,500/yr
Franklin County	0.5%	$$305	$1,500/yr
Frederick County	0.48%	$$293	$1,500/yr
Fredericksburg city	0.6%	$$367	$1,500/yr
Galax city	0.76%	$$464	$1,500/yr
Giles County	0.61%	$$373	$1,500/yr
Gloucester County	0.57%	$$348	$1,500/yr
Goochland County	0.5%	$$305	$1,500/yr
Grayson County	0.56%	$$342	$1,500/yr
Greene County	0.61%	$$373	$1,500/yr
Greensville County	0.54%	$$330	$1,500/yr
Halifax County	0.46%	$$281	$1,500/yr
Hampton city	0.95%	$$580	$1,500/yr
Hanover County	0.66%	$$403	$1,500/yr
Harrisonburg city	0.76%	$$464	$1,500/yr
Henry County	0.47%	$$287	$1,500/yr
Highland County	0.57%	$$348	$1,500/yr
Hopewell city	0.86%	$$525	$1,500/yr
Isle of Wight County	0.7%	$$428	$1,500/yr
James City County	0.65%	$$397	$1,500/yr
King and Queen County	0.52%	$$318	$1,500/yr
King George County	0.53%	$$324	$1,500/yr
King William County	0.55%	$$336	$1,500/yr
Lancaster County	0.48%	$$293	$1,500/yr
Lee County	0.6%	$$367	$1,500/yr
Lexington city	0.81%	$$495	$1,500/yr
Louisa County	0.6%	$$367	$1,500/yr
Lunenburg County	0.39%	$$238	$1,500/yr
Lynchburg city	0.79%	$$483	$1,500/yr
Madison County	0.53%	$$324	$1,500/yr
Manassas city	1.09%	$$666	$1,500/yr
Manassas Park city	1.17%	$$715	$1,500/yr
Martinsville city	0.77%	$$470	$1,500/yr
Mathews County	0.43%	$$263	$1,500/yr
Mecklenburg County	0.45%	$$275	$1,500/yr
Middlesex County	0.5%	$$305	$1,500/yr
Montgomery County	0.74%	$$452	$1,500/yr
Nelson County	0.5%	$$305	$1,500/yr
New Kent County	0.64%	$$391	$1,500/yr
Newport News city	1.01%	$$617	$1,500/yr
Norfolk city	1%	$$611	$1,500/yr
Northampton County	0.57%	$$348	$1,500/yr
Northumberland County	0.47%	$$287	$1,500/yr
Norton city	0.73%	$$446	$1,500/yr
Nottoway County	0.45%	$$275	$1,500/yr
Orange County	0.55%	$$336	$1,500/yr
Page County	0.64%	$$391	$1,500/yr
Patrick County	0.55%	$$336	$1,500/yr
Petersburg city	0.81%	$$495	$1,500/yr
Pittsylvania County	0.59%	$$360	$1,500/yr
Poquoson city	0.92%	$$562	$1,500/yr
Portsmouth city	1.04%	$$635	$1,500/yr
Powhatan County	0.59%	$$360	$1,500/yr
Prince Edward County	0.43%	$$263	$1,500/yr
Prince George County	0.74%	$$452	$1,500/yr
Pulaski County	0.63%	$$385	$1,500/yr
Radford city	0.72%	$$440	$1,500/yr
Rappahannock County	0.49%	$$299	$1,500/yr
Richmond city	0.89%	$$544	$1,500/yr
Richmond County	0.56%	$$342	$1,500/yr
Roanoke city	0.99%	$$605	$1,500/yr
Roanoke County	0.85%	$$519	$1,500/yr
Rockbridge County	0.6%	$$367	$1,500/yr
Rockingham County	0.53%	$$324	$1,500/yr
Russell County	0.48%	$$293	$1,500/yr
Salem city	0.9%	$$550	$1,500/yr
Scott County	0.62%	$$379	$1,500/yr
Shenandoah County	0.52%	$$318	$1,500/yr
Smyth County	0.58%	$$354	$1,500/yr
Southampton County	0.66%	$$403	$1,500/yr
Spotsylvania County	0.58%	$$354	$1,500/yr
Stafford County	0.7%	$$428	$1,500/yr
Staunton city	0.7%	$$428	$1,500/yr
Suffolk city	0.93%	$$568	$1,500/yr
Surry County	0.69%	$$421	$1,500/yr
Sussex County	0.59%	$$360	$1,500/yr
Tazewell County	0.62%	$$379	$1,500/yr
Virginia Beach city	0.8%	$$489	$1,500/yr
Warren County	0.52%	$$318	$1,500/yr
Washington County	0.5%	$$305	$1,500/yr
Waynesboro city	0.67%	$$409	$1,500/yr
Westmoreland County	0.6%	$$367	$1,500/yr
Williamsburg city	0.59%	$$360	$1,500/yr
Winchester city	0.76%	$$464	$1,500/yr
Wise County	0.58%	$$354	$1,500/yr
Wythe County	0.53%	$$324	$1,500/yr
York County	0.64%	$$391	$1,500/yr

Virginia state average

0.73%

$$446

$1,500/yr

Monthly tax is estimated on a $733,000 home — the price in the calculator above. Effective rates — U.S. Census Bureau, ACS 2024 (5-yr).

† Rates marked with ≥ are conservative estimates. ACS suppresses median tax values above $10,001 for privacy, which makes the calculated rate a lower bound — the true rate is higher in Manhattan, parts of Long Island, northern New Jersey and other high-cost areas.

How Virginia compares

Virginia's statewide average effective rate is 0.73% — the 31st highest of the 51 covered here (the 50 states and DC), against a median of 0.8%. On the $733,000 home the calculator starts with, that is about $446 a month in property tax before any other cost. Property taxes by state ranks all 51 with median bills attached.

A state average hides the part that changes the bill. The county rows above run from 0.38% in Amelia County to 1.17% in Manassas Park city — roughly $483 a month apart on the same $733,000 home. That is why the county picker moves the payment more than the state picker does.

Insurance is the other line that follows the address: this page prices $1,500 a year as a state-level estimate, and home insurance by state covers how premiums are set and where they run highest. Below 20% down, PMI adds a third variable until the balance is back to 80% of the value.

The states nearest Virginia in the ranking are Indiana (0.74%) and Mississippi (0.72%).

Virginia mortgage FAQ

How much down payment do I need to buy a house in Virginia?

Conventional loans start at 3% down, but anything under 20% requires PMI until you reach 20% equity — PMI auto-cancels at 78% of the original home value under the Homeowners Protection Act. FHA loans start at 3.5% down, and VA / USDA loans offer 0% down for eligible borrowers. Those are the national minimums: a lender can set a higher floor for this state or for a given loan size.

Why do property taxes vary so much within Virginia?

Property taxes are layered by county, city and school district, so the effective rate differs block by block. The Virginia state average is about 0.73%, but counties in our table above range widely — always confirm the exact bill with the local County Assessor.

When does PMI go away?

Under the Homeowners Protection Act (1998) you can request PMI removal at 80% LTV, and lenders must automatically cancel it when the balance reaches 78% of the original home value. This calculator estimates that month for you and shows the lower payment after PMI drops.

Does this calculator include home insurance for Virginia?

Yes. The calculator pre-fills a typical Virginia premium of about $1,500 per year and updates it when you switch counties. Hurricane wind and surge around Hampton Roads drive coastal pricing, with tornadoes and river flooding inland; flood needs a separate policy. Get real quotes before budgeting.

More free mortgage tools

affordability calculator — how much house can I afford →refinance calculator — break-even & savings →closing cost calculator — cash to close by state →

Sources

Freddie MacU.S. Census BureauFannie MaeU.S. Department of Housing and Urban Development (HUD)U.S. Department of Veterans AffairsPrivate mortgage insurersNAICState statutes and departments of revenue

Results are estimates for planning only and are not a loan approval. Property tax rates and insurance premiums vary by county, ZIP code, home age and coverage — confirm with the local County Assessor and insurer quotes. Rate default: Freddie Mac PMMS 30-yr fixed (7.32%, Oct 22 2026); the 20-yr default is an estimate derived from the PMMS 30-yr/15-yr spread (PMMS has no 20-yr series). Conventional credit pricing adds Fannie Mae loan-level price adjustments (effective 2026-10-01) on top of that base, anchored at the 740–759 tier, and PMI comes off a credit × LTV rate card — both are central estimates, not quotes. Loan minimums shown here are the national programs' floor; a lender may set a higher down payment, rate or fee for this state or this loan.