CALCMONEY // MORTGAGE // VA // VIRGINIA BEACH
Calculate your monthly mortgage payment using Virginia Beach-specific property tax rates and local market data.
$365,000
6.9%
0.99%
103
| Principal & Interest | $1,923 |
| Property Tax | $301 |
| Homeowners Insurance (est.) | $122 |
| Total Monthly Payment (PITI) | $2,346 |
$73,000
$400,320
$100,539/yr
Virginia Beach's median home price sits at $365,000, 13% below the $420,000 national median. On a $78,000 median household income, that puts the price-to-income ratio at 4.7x, or 4.7 years of gross pay for the purchase price alone.
At a 0.99% effective rate, Virginia Beach property taxes add $301 to the monthly payment on the median home, $3,614 a year in total.
Virginia levies a state income tax on top of the $2,346/month this mortgage runs. Model your real after-tax take-home before deciding how much payment you can carry.
Virginia Beach's cost of living index is 103, above the 100 national baseline. That's on top of the housing numbers above, not instead of them.
Virginia Beach's median home price runs 4% higher than nearby Richmond: $350,000 there versus $365,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $292,000 loan saves $13,140 in interest over 30 years.
Compare Top Virginia Beach Mortgage LendersRichmond
$350,000 median
VANorfolk
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VAChesapeake
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VAArlington
$720,000 median