Virginia Mortgage Calculator (2026)
Calculate your monthly payment with Virginia-specific property tax (0.82%) and average insurance ($1,290/yr).
Monthly payment
Payment breakdown
Loan summary
Amortization schedule (first 12 + every 12 months)
| Month | Principal | Interest | PMI/MIP | Balance |
|---|---|---|---|---|
| 1 | $309.84 | $2,205.00 | $157.50 | $377,690 |
| 2 | $311.65 | $2,203.19 | $157.50 | $377,379 |
| 3 | $313.47 | $2,201.37 | $157.50 | $377,065 |
| 4 | $315.30 | $2,199.55 | $157.50 | $376,750 |
| 5 | $317.14 | $2,197.71 | $157.50 | $376,433 |
| 6 | $318.99 | $2,195.86 | $157.50 | $376,114 |
| 7 | $320.85 | $2,194.00 | $157.50 | $375,793 |
| 8 | $322.72 | $2,192.12 | $157.50 | $375,470 |
| 9 | $324.60 | $2,190.24 | $157.50 | $375,145 |
| 10 | $326.49 | $2,188.35 | $157.50 | $374,819 |
| 11 | $328.40 | $2,186.44 | $157.50 | $374,491 |
| 12 | $330.32 | $2,184.53 | $157.50 | $374,160 |
| 24 | $354.19 | $2,160.65 | $157.50 | $370,043 |
| 36 | $379.80 | $2,135.05 | $157.50 | $365,628 |
| 48 | $407.25 | $2,107.59 | $157.50 | $360,894 |
| 60 | $436.69 | $2,078.15 | $157.50 | $355,817 |
| 72 | $468.26 | $2,046.58 | $157.50 | $350,374 |
| 84 | $502.11 | $2,012.73 | $157.50 | $344,537 |
| 96 | $538.41 | $1,976.43 | $157.50 | $338,278 |
| 108 | $577.33 | $1,937.51 | $157.50 | $331,567 |
| 120 | $619.07 | $1,895.77 | — | $324,371 |
| 132 | $663.82 | $1,851.02 | — | $316,654 |
| 144 | $711.81 | $1,803.03 | — | $308,380 |
| 156 | $763.27 | $1,751.58 | — | $299,507 |
| 168 | $818.44 | $1,696.40 | — | $289,993 |
| 180 | $877.61 | $1,637.24 | — | $279,791 |
| 192 | $941.05 | $1,573.79 | — | $268,852 |
| 204 | $1,009.08 | $1,505.76 | — | $257,122 |
| 216 | $1,082.03 | $1,432.82 | — | $244,544 |
| 228 | $1,160.25 | $1,354.60 | — | $231,057 |
| 240 | $1,244.12 | $1,270.72 | — | $216,594 |
| 252 | $1,334.06 | $1,180.79 | — | $201,087 |
| 264 | $1,430.50 | $1,084.35 | — | $184,458 |
| 276 | $1,533.91 | $980.94 | — | $166,627 |
| 288 | $1,644.79 | $870.05 | — | $147,507 |
| 300 | $1,763.70 | $751.15 | — | $127,005 |
| 312 | $1,891.19 | $623.65 | — | $105,020 |
| 324 | $2,027.91 | $486.94 | — | $81,447 |
| 336 | $2,174.50 | $340.34 | — | $56,169 |
| 348 | $2,331.70 | $183.14 | — | $29,064 |
| 360 | $2,500.26 | $14.58 | — | $0 |
What the payment actually costs
Expect roughly $3,280 a year in property tax on a $400,000 home here. Virginia's effective rate of 0.82% ranks 33rd of 51, compared with about 1.10% nationally — $273 a month that never appears in a quoted mortgage payment.
Homeowners insurance runs about $1,290 a year in Virginia, 35th of 51 states and below the $1,552 national average. Together, tax and insurance add roughly $381 a month to the payment before you have paid a dollar of principal.
How this fits the rest of your tax bill
Virginia taxes both income and property, so neither side offsets the other. Property tax at 0.82% ranks 33rd of 51, and state income tax applies on top. Model both together when comparing against a no-income-tax state, because the comparison flips depending on how much house you buy relative to what you earn.
Housing costs compound with the rate. Virginia runs about 3% above national-average costs, so the same 0.82% rate applies to a larger assessed value than it would elsewhere. A percentage rate is only half the number that matters; the base it applies to is the other half.
Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.