Calculate Your Virginia Mortgage Payment
Our calculator is pre-filled with Virginia's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with VA DefaultsMonthly Payment Breakdown for Virginia
Here's what your monthly payment looks like on the median Virginia home ($419,920) with 20% down at 6.67%, the current average 30-year rate:
Note: This estimate assumes 20% down payment ($83,984), no PMI. With less than 20% down, add $140-$280/month for PMI.
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Virginia Property Taxes
Virginia's effective property tax rate is 0.77%, which is below the national average of 0.89%. See how property taxes are calculated and how they compare across states.
Annual Property Tax on $419,920 Home
$3,233
($269/month escrowed)
Buying a Home in Virginia: Key Facts
- Property tax rate of 0.77% is below the national average of 0.89%
- Virginia Housing offers a true grant of 2-2.5% that never requires repayment
- Northern Virginia has higher home prices due to proximity to D.C. job market
- Loudoun County SPARC program received $8 million for FY2025
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
Virginia First-Time Homebuyer Programs
Virginia has 48 homebuyer assistance programs that can help with down payment and closing costs.
Virginia Housing DPA Grant
2-2.5% of purchase price as a true grant, never needs repayment
GrantVirginia Pilot DPA Program
Up to $50,000 as forgivable second mortgage, forgiven over 15 years
Forgivable LoanHOMEownership DPA
10-15% of sales price plus up to $2,500 for closing costs
Deferred LoanEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Major Cities in Virginia
Home prices and property taxes can vary significantly by city. The median home value of $419,920 is a statewide estimate.
Virginia Mortgage FAQ
What is the property tax rate in Virginia?
The average effective property tax rate in Virginia is 0.77%. On a $419,920 home, that's approximately $3,233 per year or $269 per month added to your mortgage payment.
What is the median home value in Virginia?
The median home value in Virginia is $419,920 as of 2026-06-01. Prices vary by location - Virginia Beach and Norfolk typically have higher prices than rural areas.
Are there first-time homebuyer programs in Virginia?
Yes, Virginia has 48 homebuyer assistance programs. Popular options include Virginia Housing DPA Grant, which offers 2-2.5% of purchase price as a true grant, never needs repayment.
How much do I need to buy a house in Virginia?
For the median Virginia home ($419,920), you'd need $83,984 for a 20% down payment, plus $12,598-$20,996 for closing costs. With down payment assistance, you could potentially buy with as little as $14,697 (3.5% FHA down payment).
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Calculate Your VA Mortgage Payment