Virginia Mortgage Calculator
Virginia has the 23rd-lowest effective property tax rate of the 50 states at 0.78% — $540 less a year than the 0.91% state average on a $415,000 home. Homeowners insurance averages $2,074 a year, the 20th-lowest premium nationally and $646 less than the typical state.
Most Virginia counties use the $832,750 conforming loan limit for 2026, but 18 high-cost counties — Alexandria City ($1,249,125), Arlington County ($1,249,125), Clarke County ($1,249,125) and others — allow larger conforming loans. Above those amounts you need a jumbo loan.
On a $415,000 home, property tax and insurance add $443 a month in Virginia, compared with $331 in West Virginia, $426 in Tennessee, $478 in Maryland, $489 in North Carolina, $593 in Kentucky.
Loan Parameters
Total Monthly Payment
$3,159
Principal & Interest + Taxes + Insurance
APR 7.488%
Total Interest
$523,780
Total Cost
$1,079,019
Advanced Parameters
Private Mortgage Insurance (PMI)
Your down payment is below 20%. PMI is estimated at 0.72% annually and is removed here when your LTV reaches 80%.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Feb 2035
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $29,909 | $3,772 | $26,137 | $2,689 | $369,728 | $45,272 |
| Year 2 | $29,909 | $4,046 | $25,863 | $2,689 | $365,682 | $49,318 |
| Year 3 | $29,909 | $4,340 | $25,569 | $2,689 | $361,342 | $53,658 |
| Year 4 | $29,909 | $4,655 | $25,254 | $2,689 | $356,687 | $58,313 |
| Year 5 | $29,909 | $4,993 | $24,916 | $2,689 | $351,694 | $63,306 |
| Year 6 | $29,909 | $5,355 | $24,554 | $2,689 | $346,339 | $68,661 |
| Year 7 | $29,909 | $5,744 | $24,165 | $2,689 | $340,595 | $74,405 |
| Year 8 | $29,909 | $6,161 | $23,748 | $2,689 | $334,433 | $80,567 |
| Year 9 | $29,909 | $6,609 | $23,300 | $896 | $327,825 | $87,175 |
| Year 10 | $29,909 | $7,089 | $22,821 | — | $320,736 | $94,264 |
| Year 11 | $29,909 | $7,603 | $22,306 | — | $313,133 | $101,867 |
| Year 12 | $29,909 | $8,155 | $21,754 | — | $304,977 | $110,023 |
| Year 13 | $29,909 | $8,748 | $21,162 | — | $296,230 | $118,770 |
| Year 14 | $29,909 | $9,383 | $20,526 | — | $286,847 | $128,153 |
| Year 15 | $29,909 | $10,064 | $19,845 | — | $276,783 | $138,217 |
| Year 16 | $29,909 | $10,795 | $19,114 | — | $265,988 | $149,012 |
| Year 17 | $29,909 | $11,579 | $18,331 | — | $254,410 | $160,590 |
| Year 18 | $29,909 | $12,419 | $17,490 | — | $241,990 | $173,010 |
| Year 19 | $29,909 | $13,321 | $16,588 | — | $228,669 | $186,331 |
| Year 20 | $29,909 | $14,288 | $15,621 | — | $214,381 | $200,619 |
| Year 21 | $29,909 | $15,326 | $14,583 | — | $199,055 | $215,945 |
| Year 22 | $29,909 | $16,439 | $13,471 | — | $182,617 | $232,383 |
| Year 23 | $29,909 | $17,632 | $12,277 | — | $164,985 | $250,015 |
| Year 24 | $29,909 | $18,912 | $10,997 | — | $146,072 | $268,928 |
| Year 25 | $29,909 | $20,286 | $9,624 | — | $125,787 | $289,213 |
| Year 26 | $29,909 | $21,759 | $8,151 | — | $104,028 | $310,972 |
| Year 27 | $29,909 | $23,338 | $6,571 | — | $80,690 | $334,310 |
| Year 28 | $29,909 | $25,033 | $4,876 | — | $55,657 | $359,343 |
| Year 29 | $29,909 | $26,851 | $3,058 | — | $28,806 | $386,194 |
| Year 30 | $29,915 | $28,806 | $1,109 | — | $0 | $415,000 |
Virginia mortgage data
- Typical home value
- $414,662
- Zillow ZHVI, August 31, 2026 (U.S. $368,697)
- Effective property tax rate
- 0.78%
- $3,237/yr on a $415,000 home
- Average homeowners insurance
- $2,074/yr
- $173/mo
- 2026 conforming loan limit
- $832,750 – $1,249,125
- 133 counties
- High-cost counties
- 18
- Limit above $832,750
- 2026 FHA loan limit (1-unit)
- $541,287 – $1,249,125
- Varies by county — confirm on HUD
- Current 30-yr / 15-yr fixed average
- 7.03% / 6.42%
- Freddie Mac PMMS, September 24, 2026
How much house can you afford in Virginia?
Highest price where principal, interest, Virginia property tax, insurance and PMI stay within 28% of gross income —10% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $138,000 | $13,800 | 33% |
| $75,000 | $1,750 | $219,000 | $21,900 | 53% |
| $100,000 | $2,333 | $300,000 | $30,000 | 72% |
| $125,000 | $2,917 | $381,000 | $38,100 | 92% |
| $150,000 | $3,500 | $462,000 | $46,200 | 111% |
| $200,000 | $4,667 | $624,000 | $62,400 | 150% |
| $250,000 | $5,833 | $786,000 | $78,600 | 190% |
Virginia mortgage payment by loan amount
30-year fixed at 7.03%, 20% down, with Virginia property tax and insurance on the matching home price.
| Loan amount | P&I | Total / month | Income needed | Loan type |
|---|---|---|---|---|
| $150,000 mortgage | $1,001 | $1,296 | $56,000 | Conforming |
| $175,000 mortgage | $1,168 | $1,483 | $64,000 | Conforming |
| $200,000 mortgage | $1,335 | $1,670 | $72,000 | Conforming |
| $225,000 mortgage | $1,501 | $1,857 | $80,000 | Conforming |
| $250,000 mortgage | $1,668 | $2,044 | $88,000 | Conforming |
| $275,000 mortgage | $1,835 | $2,231 | $96,000 | Conforming |
| $300,000 mortgage | $2,002 | $2,419 | $104,000 | Conforming |
| $325,000 mortgage | $2,169 | $2,606 | $112,000 | Conforming |
| $350,000 mortgage | $2,336 | $2,793 | $120,000 | Conforming |
| $375,000 mortgage | $2,502 | $2,980 | $128,000 | Conforming |
| $400,000 mortgage | $2,669 | $3,167 | $136,000 | Conforming |
| $425,000 mortgage | $2,836 | $3,354 | $144,000 | Conforming |
| $450,000 mortgage | $3,003 | $3,541 | $152,000 | Conforming |
| $475,000 mortgage | $3,170 | $3,729 | $160,000 | Conforming |
| $500,000 mortgage | $3,337 | $3,916 | $168,000 | Conforming |
| $525,000 mortgage | $3,503 | $4,103 | $176,000 | Conforming |
| $550,000 mortgage | $3,670 | $4,290 | $184,000 | Conforming |
| $575,000 mortgage | $3,837 | $4,477 | $192,000 | Conforming |
| $600,000 mortgage | $4,004 | $4,664 | $200,000 | Conforming |
| $625,000 mortgage | $4,171 | $4,851 | $208,000 | Conforming |
| $650,000 mortgage | $4,338 | $5,039 | $216,000 | Conforming |
| $675,000 mortgage | $4,504 | $5,226 | $224,000 | Conforming |
| $700,000 mortgage | $4,671 | $5,413 | $232,000 | Conforming |
| $725,000 mortgage | $4,838 | $5,600 | $240,000 | Conforming |
| $750,000 mortgage | $5,005 | $5,787 | $249,000 | Conforming |
| $775,000 mortgage | $5,172 | $5,974 | $257,000 | Conforming |
| $800,000 mortgage | $5,339 | $6,161 | $265,000 | Conforming |
| $825,000 mortgage | $5,505 | $6,349 | $273,000 | Conforming |
| $850,000 mortgage | $5,672 | $6,536 | $281,000 | Jumbo in most counties |
| $875,000 mortgage | $5,839 | $6,723 | $289,000 | Jumbo in most counties |
| $900,000 mortgage | $6,006 | $6,910 | $297,000 | Jumbo in most counties |
| $925,000 mortgage | $6,173 | $7,097 | $305,000 | Jumbo in most counties |
| $950,000 mortgage | $6,340 | $7,284 | $313,000 | Jumbo in most counties |
| $975,000 mortgage | $6,506 | $7,471 | $321,000 | Jumbo in most counties |
| $1,000,000 mortgage | $6,673 | $7,659 | $329,000 | Jumbo in most counties |
| $1,100,000 mortgage | $7,341 | $8,407 | $361,000 | Jumbo in most counties |
| $1,200,000 mortgage | $8,008 | $9,156 | $393,000 | Jumbo in most counties |
| $1,300,000 mortgage | $8,675 | $9,904 | $425,000 | Jumbo |
| $1,400,000 mortgage | $9,342 | $10,653 | $457,000 | Jumbo |
| $1,500,000 mortgage | $10,010 | $11,401 | $489,000 | Jumbo |
Loan programs compared in Virginia
$415,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $41,500 | $373,500 | — | $224 PMI | $3,159 | 7.488% |
| FHA | 3.5% · $14,525 | $407,483 | UFMIP $7,008 | $186 MIP | $3,348 | 7.761% |
| VA | 0% · $0 | $423,923 | Funding fee $8,923 | $0 | $3,271 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $83,000 | $332,000 | — | $0 | $2,658 | 7.030% |
Virginia high-cost counties (2026)
18 counties have a one-unit conforming limit above the $832,750 baseline. Loans up to these amounts are conforming, not jumbo.
- Alexandria City$1,249,125
- Arlington County$1,249,125
- Clarke County$1,249,125
- Culpeper County$1,249,125
- Fairfax City$1,249,125
- Fairfax County$1,249,125
- Falls Church City$1,249,125
- Fauquier County$1,249,125
- Fredericksburg City$1,249,125
- Loudoun County$1,249,125
- Manassas City$1,249,125
- Manassas Park City$1,249,125
- Prince William County$1,249,125
- Rappahannock County$1,249,125
- Spotsylvania County$1,249,125
- Stafford County$1,249,125
- Warren County$1,249,125
- Madison County$1,209,750
Frequently asked questions
What is the monthly mortgage payment on a $415,000 home in Virginia?
$415,000 is the typical Virginia home value. With 10% down on a conventional loan, the estimated payment is $3,159 per month ($2,492 principal & interest, $270 property tax, $173 insurance, $224 PMI) at 7.03% for 30 years, including Virginia's 0.78% effective property tax rate.
What is the 2026 conforming loan limit in Virginia?
$832,750 in most counties and up to $1,249,125 in 18 high-cost counties, including Alexandria City, Arlington County, Clarke County.
How much income do I need for a $415,000 home in Virginia?
About $136,000 a year if housing costs stay within 28% of gross income — a common lender guideline. Lenders also look at total debt-to-income, usually capped around 43%–50%.
How much house can I afford in Virginia on a $100,000 salary?
About $300,000 with 10% down, keeping the payment (including Virginia property tax, insurance and PMI) within 28% of gross income at 7.03%. The typical Virginia home ($414,662) needs roughly $136,000 a year.
Explore related calculators
Virginia calculators by loan type
Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.