Virginia Mortgage Calculator
Estimate the monthly PITI payment on a Virginia home. Preseeded with the state’s 0.80% effective property-tax rate, $1,300 average annual insurance, and $390,000 median home price.
Loan Parameters
$
$
Percentage
20.0 %
Loan Term
Advanced Options
$
Monthly Payment (PITI)
$2,470
- Principal & Interest
- $1,972
- Property Taxes
- $260
- Home Insurance
- $108
- PMI
- $130
Total Interest
$397,939
Total Cost
$842,539
Payoff Year
2056
Virginia Property Tax, Insurance & Home Prices
- Effective property-tax rate
- 0.80%
- Avg annual insurance
- $1,300
- Median home price
- $390,000
Statewide averages, last reviewed May 2026. Actual rates and premiums vary significantly by county, city, and parcel — see the notes below.
Notable Virginia Rules
Virginia property tax is set at the city/county level — Northern Virginia (Fairfax, Loudoun, Arlington) has the highest mill rates, paired with the highest home prices. The state offers Real Estate Tax Relief for seniors 65+ and disabled homeowners (rules vary by locality).
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Frequently Asked Questions
- Virginia's statewide effective property-tax rate is approximately 0.80% of home value (last reviewed May 2026). Actual county- and city-level rates vary; check your specific parcel before budgeting.