Virginia mortgage calculator with property tax and insurance
Median home price in Virginia: $430,000. Effective property tax 0.82%/yr, homeowners insurance ≈ $1,500/yr. Rates updated Oct 8, 2026.
Payment by loan term
| Term | P&I | All-in | Total interest |
|---|---|---|---|
| 10 yr | $4,083 | $4,502 | $146,001 |
| 15 yr | $3,189 | $3,608 | $230,006 |
| 20 yr | $2,771 | $3,190 | $321,098 |
| 30 yr | $2,405 | $2,824 | $521,907 |
Adjust the numbers
Monthly breakdown
Total interest $521,907 · total PMI $0 · paid off in 30 years
Compare loan terms
| Term | Monthly (P&I) | Total monthly | Total interest |
|---|---|---|---|
| 10 years | $4,083 | $4,502 | $146,001 |
| 15 years | $3,189 | $3,608 | $230,006 |
| 20 years | $2,771 | $3,190 | $321,098 |
| 30 years | $2,405 | $2,824 | $521,907 |
Amortization schedule
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $25,692 | $3,171 | $340,829 |
| 2 | $25,446 | $3,417 | $337,412 |
| 3 | $25,181 | $3,683 | $333,729 |
| 4 | $24,895 | $3,968 | $329,761 |
| 5 | $24,587 | $4,277 | $325,484 |
| 6 | $24,255 | $4,609 | $320,875 |
| 7 | $23,897 | $4,966 | $315,909 |
| 8 | $23,512 | $5,352 | $310,557 |
| 9 | $23,096 | $5,767 | $304,790 |
| 10 | $22,648 | $6,215 | $298,575 |
| 11 | $22,166 | $6,698 | $291,877 |
| 12 | $21,646 | $7,218 | $284,660 |
| 13 | $21,086 | $7,778 | $276,882 |
| 14 | $20,482 | $8,382 | $268,500 |
| 15 | $19,831 | $9,032 | $259,468 |
| 16 | $19,130 | $9,734 | $249,734 |
| 17 | $18,374 | $10,489 | $239,245 |
| 18 | $17,560 | $11,304 | $227,941 |
| 19 | $16,683 | $12,181 | $215,760 |
| 20 | $15,737 | $13,127 | $202,634 |
| 21 | $14,718 | $14,146 | $188,488 |
| 22 | $13,620 | $15,244 | $173,244 |
| 23 | $12,436 | $16,427 | $156,817 |
| 24 | $11,161 | $17,703 | $139,114 |
| 25 | $9,787 | $19,077 | $120,037 |
| 26 | $8,306 | $20,558 | $99,479 |
| 27 | $6,710 | $22,154 | $77,325 |
| 28 | $4,990 | $23,874 | $53,452 |
| 29 | $3,136 | $25,727 | $27,724 |
| 30 | $1,139 | $27,724 | $0 |
Showing 360 payments. Schedule assumes a fixed rate and constant home value for PMI cancellation.
Down payment scenarios in Virginia
| Down | Cash needed | PMI | Monthly |
|---|---|---|---|
| 3% | $12,900 | $191 | $3,526 |
| 5% | $21,500 | $187 | $3,462 |
| 10% | $43,000 | $177 | $3,302 |
| 15% | $64,500 | $168 | $3,142 |
| 20% | $86,000 | $0 | $2,824 |
| 25% | $107,500 | $0 | $2,674 |
Around the Virginia median price
| Home price | P&I | All-in monthly |
|---|---|---|
| $325,000 | $1,818 | $2,165 |
| $430,000 | $2,405 | $2,824 |
| $540,000 | $3,021 | $3,515 |
| $645,000 | $3,608 | $4,174 |
Detailed payment examples
FAQ
What is the average property tax rate in Virginia?
Virginia's effective property tax rate is about 0.82% of home value per year, which is $294 per month on a $430,000 home. Rates vary by county and by exemptions, so treat this as a planning estimate.
How much is homeowners insurance in Virginia?
A typical Virginia policy runs around $1,500 per year ($125 per month). Coastal and hail-prone areas can be significantly higher.
Is a $430,000 home affordable in Virginia?
At 7.50% with 20% down, the estimated all-in payment is $2,824 per month. Using the 28% rule that implies a household income near $121,000 per year before other debts.