VA Loan Calculator — Virginia
An eligible VA borrower can buy the typical Virginia home ($415,000) with no down payment. The 2.15% first-use funding fee ($8,923) is rolled into a $423,923 loan, and there is no monthly mortgage insurance — saving about $186 a month versus FHA MIP on the same home.
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.
Loan Parameters
Total Monthly Payment
$3,271
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$594,489
Total Cost
$1,177,740
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $33,947 | $4,281 | $29,666 | — | $419,641 | -$4,641 |
| Year 2 | $33,947 | $4,592 | $29,355 | — | $415,049 | -$49 |
| Year 3 | $33,947 | $4,926 | $29,021 | — | $410,123 | $4,877 |
| Year 4 | $33,947 | $5,283 | $28,664 | — | $404,840 | $10,160 |
| Year 5 | $33,947 | $5,667 | $28,280 | — | $399,173 | $15,827 |
| Year 6 | $33,947 | $6,078 | $27,868 | — | $393,094 | $21,906 |
| Year 7 | $33,947 | $6,520 | $27,427 | — | $386,575 | $28,425 |
| Year 8 | $33,947 | $6,993 | $26,954 | — | $379,581 | $35,419 |
| Year 9 | $33,947 | $7,501 | $26,446 | — | $372,080 | $42,920 |
| Year 10 | $33,947 | $8,046 | $25,901 | — | $364,035 | $50,965 |
| Year 11 | $33,947 | $8,630 | $25,317 | — | $355,405 | $59,595 |
| Year 12 | $33,947 | $9,256 | $24,691 | — | $346,149 | $68,851 |
| Year 13 | $33,947 | $9,929 | $24,018 | — | $336,220 | $78,780 |
| Year 14 | $33,947 | $10,649 | $23,297 | — | $325,571 | $89,429 |
| Year 15 | $33,947 | $11,423 | $22,524 | — | $314,148 | $100,852 |
| Year 16 | $33,947 | $12,252 | $21,695 | — | $301,896 | $113,104 |
| Year 17 | $33,947 | $13,142 | $20,805 | — | $288,754 | $126,246 |
| Year 18 | $33,947 | $14,096 | $19,851 | — | $274,658 | $140,342 |
| Year 19 | $33,947 | $15,119 | $18,827 | — | $259,539 | $155,461 |
| Year 20 | $33,947 | $16,217 | $17,730 | — | $243,321 | $171,679 |
| Year 21 | $33,947 | $17,395 | $16,552 | — | $225,927 | $189,073 |
| Year 22 | $33,947 | $18,658 | $15,289 | — | $207,269 | $207,731 |
| Year 23 | $33,947 | $20,013 | $13,934 | — | $187,256 | $227,744 |
| Year 24 | $33,947 | $21,466 | $12,481 | — | $165,791 | $249,209 |
| Year 25 | $33,947 | $23,024 | $10,923 | — | $142,766 | $272,234 |
| Year 26 | $33,947 | $24,696 | $9,251 | — | $118,070 | $296,930 |
| Year 27 | $33,947 | $26,489 | $7,458 | — | $91,581 | $323,419 |
| Year 28 | $33,947 | $28,413 | $5,534 | — | $63,168 | $351,832 |
| Year 29 | $33,947 | $30,476 | $3,471 | — | $32,692 | $382,308 |
| Year 30 | $33,951 | $32,692 | $1,258 | — | $0 | $415,000 |
VA Loan numbers for Virginia
- Typical Virginia home value
- $415,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $423,923
- Includes $8,923 financed funding fee
- Estimated monthly payment
- $3,271
- APR 7.242%
- Virginia property tax
- 0.78%
- $270/mo
- Homeowners insurance
- $2,074/yr
- $173/mo
- VA funding fee (first use)
- 2.15% · $8,923
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $186/mo
- Same $415,000 home, FHA at 3.5% down
How much house can you afford in Virginia with a va loan?
Highest price where principal, interest, Virginia property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% 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 | $133,000 | $0 | 32% |
| $75,000 | $1,750 | $211,000 | $0 | 51% |
| $100,000 | $2,333 | $289,000 | $0 | 70% |
| $125,000 | $2,917 | $367,000 | $0 | 89% |
| $150,000 | $3,500 | $445,000 | $0 | 107% |
| $200,000 | $4,667 | $601,000 | $0 | 145% |
| $250,000 | $5,833 | $758,000 | $0 | 183% |
VA vs other loan types 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% |
Frequently asked questions
What is the monthly payment on a $415,000 home with a va loan in Virginia?
Estimated $3,271 per month ($2,829 principal & interest, $270 property tax, $173 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $415,000 Virginia home?
$8,923 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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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
- 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
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.