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$395,000
6.9%
0.82%
2%–5.75%
How today's 6.9% rate compares to recent years
| Period | 30-Yr Rate | vs. Today |
|---|---|---|
| 2026 (current) | 6.9% | — |
| 2024 avg | 7.32% | -0.42% |
| 2023 avg | 7.75% | -0.85% |
| 2022 peak | 7.58% | -0.68% |
| 2021 avg | 3.50% | +3.40% |
| 2020 avg | 3.30% | +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 | $2,081 |
| Property Tax | $270 |
| Homeowners Insurance (est.) | $132 |
| Total Monthly Payment (PITI) | $2,483 |
$79,000
$433,224
$106,404/yr
The median home price in Virginia is $395,000, near the national median of $420,000. With a median household income of $80,600, the price-to-income ratio is 4.9x.
Property taxes in Virginia average 0.82% of assessed value. On the median home, that is $3,239 per year, or $270 per month added to your mortgage payment.
Virginia has a state income tax of 2%–5.75%. Factor this into your take-home pay when calculating how much mortgage you can afford.
The cost of living index in Virginia is 104 (national average = 100). Everyday expenses beyond housing are close to the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $316,000 loan saves $14,220 in interest over 30 years.
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