CALCMONEY // MORTGAGE // VA
Calculate your monthly mortgage payment using Virginia-specific property tax rates, current average interest rates, and local median home prices.
Open Full Calculator$418,375
6.76%
0.78%
2%–5.75%
How today's 6.76% rate compares to recent years
| Period | 30-Yr Rate | vs. Today |
|---|---|---|
| 2026 (current) | 6.76% | — |
| 2024 avg | 7.18% | -0.42% |
| 2023 avg | 7.61% | -0.85% |
| 2022 peak | 7.44% | -0.68% |
| 2021 avg | 3.36% | +3.40% |
| 2020 avg | 3.16% | +3.60% |
Rate estimates based on Freddie Mac Primary Mortgage Market Survey national averages adjusted for Virginia market conditions. Actual rates vary by lender and borrower profile.
| Principal & Interest | $2,173 |
| Property Tax | $272 |
| Homeowners Insurance (est.) | $139 |
| Total Monthly Payment (PITI) | $2,584 |
$83,675
$447,610
$110,764/yr
Statewide, Virginia's median home price runs $418,375, in line with the $420,000 national median. The 4.5x price-to-income ratio here is measured against a $92,090 median household income.
Property taxes in Virginia average 0.78% of assessed value, below the 1.1% national average. On the median home, that's $3,263 a year, or $272 added to the monthly payment.
Virginia levies a state income tax of 2%–5.75% on top of the $2,584/month this mortgage runs. Model your real after-tax take-home before deciding how much payment you can carry.
Day-to-day expenses statewide track at 102 against the national 100 baseline, above average once you look past the mortgage payment itself.
Virginia's median home price runs 1% lower than Arizona: $421,381 there versus $418,375 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $334,700 loan saves $15,062 in interest over 30 years.
Compare Top Virginia Mortgage Lenders