Virginia Mortgage Calculator

Use this free Virginia mortgage calculator to estimate your monthly mortgage payments and annual amortization.

Total monthly payment

$2,101.06

Total principal

$240,000

Total interest payments

$323,781.43

Total loan payments

$563,781.43

Payoff date

—

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Getting a Mortgage in Virginia

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Last updated 11/19/2025

Real estate markets can vary dramatically by location, which is why national housing averages don’t always reflect what buyers actually pay. Housing costs are just one part of affordability, and tools like a cost of living calculator can help show how factors such as taxes, utilities, and everyday expenses differ from place to place.

Mortgage costs in Virginia, lovingly called Old Dominion, vary depending on where you buy. In Loudoun County, home to some of the state’s most expensive housing markets in the Washington, D.C. metro area, the typical monthly mortgage payment for a median-priced home was $4,533 in Q1 2025, based on a median home value of $773,319, according to the National Association of Realtors. By comparison, the national median monthly payment was $2,120 for a median-priced single-family home valued at $402,300.

By contrast, Henrico County, part of the Richmond area, is more affordable. There, the typical monthly mortgage payment was $2,379 for a median-priced home valued at $405,875, reflecting more moderate home prices outside of Virginia’s highest-cost regions.

Virginia mortgage and refinance rates today (APR)

Accurate as of 08/20/2026.

Product	Interest rate	APR
30-year fixed-rate	6.762%	6.771%
20-year fixed-rate	6.613%	6.625%
15-year fixed-rate	5.896%	5.908%
10-year fixed-rate	5.529%	5.590%
7-year ARM	6.606%	6.551%
5-year ARM	6.153%	6.202%
30-year fixed-rate FHA	5.421%	6.148%
30-year fixed-rate VA	5.951%	6.286%

Data source: ©Zillow, Inc. 2006 – 2026. Use is subject to the Terms of Use

Today's rate

6.771%

30-year fixed

Today's mortgage rates in Virginia are 6.771% for a 30-year fixed, 5.908% for a 15-year fixed, and 6.202% for a 5-year adjustable-rate mortgage (ARM).

Virginia's first-time home buyer programs

The Virginia Housing Development Authority offers several loan programs to help qualified first-time home buyers get a mortgage.

» MORE: First-time home buyer programs by state

Average property tax by county

Taking U.S. Census data, NerdWallet has crunched the numbers to help you understand what property tax rate you can expect to pay on your future home in Virginia. Because assessed values aren't frequently updated, you may pay a higher rate at first but eventually you'll pay a similar rate.

County	Avg. property tax rate	Median home value
Accomack County	0.52%	$184,500
Albemarle County	0.71%	$486,900
Alexandria city	0.92%	$748,300
Alleghany County	0.70%	$123,600
Amelia County	0.44%	$233,700
Amherst County	0.53%	$181,600
Appomattox County	0.56%	$178,000
Arlington County	0.85%	$828,500
Augusta County	0.50%	$292,000
Bath County	0.39%	$184,900
Bedford County	0.44%	$291,500
Bland County	0.56%	$132,500
Botetourt County	0.62%	$264,200
Bristol city	0.75%	$154,900
Brunswick County	0.52%	$127,000
Buchanan County	0.48%	$84,900
Buckingham County	0.53%	$160,800
Buena Vista city	0.90%	$148,800
Campbell County	0.50%	$183,100
Caroline County	0.63%	$253,300
Carroll County	0.57%	$139,200
Charles City County	0.61%	$198,800
Charlotte County	0.49%	$137,000
Charlottesville city	0.82%	$398,400
Chesapeake city	0.83%	$365,700
Chesterfield County	0.80%	$344,200
Clarke County	0.63%	$496,600
Colonial Heights city	0.92%	$221,400
Covington city	0.82%	$80,100
Craig County	0.54%	$184,700
Culpeper County	0.55%	$369,600
Cumberland County	0.57%	$208,600
Danville city	0.68%	$102,000
Dickenson County	0.52%	$89,200
Dinwiddie County	0.67%	$223,800
Emporia city	0.71%	$129,400
Essex County	0.67%	$217,000
Fairfax city	0.88%	$649,600
Fairfax County	0.97%	$695,100
Falls Church city	1.22%	$938,500
Fauquier County	0.70%	$550,700
Floyd County	0.46%	$205,400
Fluvanna County	0.69%	$270,900
Franklin city	0.79%	$197,900
Franklin County	0.54%	$207,700
Frederick County	0.53%	$366,600
Fredericksburg city	0.62%	$438,400
Galax city	0.60%	$109,300
Giles County	0.56%	$141,900
Gloucester County	0.57%	$274,500
Goochland County	0.50%	$433,600
Grayson County	0.58%	$129,100
Greene County	0.64%	$287,800
Greensville County	0.58%	$146,600
Halifax County	0.52%	$133,200
Hampton city	0.97%	$250,000
Hanover County	0.67%	$372,600
Harrisonburg city	0.71%	$263,700
Henrico County	0.71%	$344,600
Henry County	0.52%	$111,800
Highland County	0.72%	$182,500
Hopewell city	0.94%	$151,600
Isle of Wight County	0.71%	$327,600
James City County	0.67%	$403,100
King and Queen County	0.52%	$212,500
King George County	0.56%	$372,300
King William County	0.69%	$252,200
Lancaster County	0.52%	$292,300
Lee County	0.57%	$95,800
Lexington city	0.88%	$224,700
Loudoun County	0.87%	$714,500
Louisa County	0.66%	$266,700
Lunenburg County	0.46%	$139,700
Lynchburg city	0.91%	$215,200
Madison County	0.52%	$311,500
Manassas city	0.78%	$393,900
Manassas Park city	1.06%	$370,700
Martinsville city	0.86%	$82,800
Mathews County	0.49%	$355,900
Mecklenburg County	0.55%	$157,800
Middlesex County	0.57%	$288,900
Montgomery County	0.86%	$315,800
Nelson County	0.67%	$275,100
New Kent County	0.66%	$354,200
Newport News city	0.99%	$240,900
Norfolk city	0.94%	$269,500
Northampton County	0.68%	$246,300
Northumberland County	0.55%	$303,700
Norton city	0.92%	$104,200
Nottoway County	0.48%	$169,500
Orange County	0.60%	$316,000
Page County	0.55%	$198,000
Patrick County	0.56%	$137,200
Petersburg city	0.95%	$147,200
Pittsylvania County	0.57%	$144,100
Poquoson city	0.92%	$406,700
Portsmouth city	1.09%	$231,700
Powhatan County	0.61%	$356,500
Prince Edward County	0.49%	$193,400
Prince George County	0.69%	$252,300
Prince William County	0.92%	$512,500
Pulaski County	0.62%	$181,700
Radford city	0.66%	$204,700
Rappahannock County	0.54%	$509,500
Richmond city	0.89%	$346,800
Richmond County	0.62%	$218,600
Roanoke city	0.90%	$183,400
Roanoke County	0.87%	$268,600
Rockbridge County	0.56%	$232,100
Rockingham County	0.57%	$319,000
Russell County	0.55%	$112,000
Salem city	0.79%	$231,900
Scott County	0.67%	$122,300
Shenandoah County	0.56%	$247,600
Smyth County	0.59%	$120,600
Southampton County	0.73%	$199,700
Spotsylvania County	0.63%	$391,900
Stafford County	0.70%	$478,200
Staunton city	0.54%	$219,500
Suffolk city	0.88%	$328,200
Surry County	0.60%	$231,400
Sussex County	0.60%	$151,000
Tazewell County	0.64%	$112,200
Virginia Beach city	0.82%	$370,300
Warren County	0.56%	$293,400
Washington County	0.54%	$181,000
Waynesboro city	0.68%	$226,700
Westmoreland County	0.63%	$244,000
Williamsburg city	0.51%	$385,600
Winchester city	0.75%	$299,900
Wise County	0.56%	$108,000
Wythe County	0.56%	$157,100
York County	0.66%	$412,100

Source: American Communities Survey 2022, U.S. Census

How to use the mortgage calculator

To use our mortgage calculator, simply add your details to the following fields:

Home price
Down payment
Interest rate
Loan term (years)

After you enter these four pieces of information, the calculator displays the monthly payment inside the "Loan Estimate" window. It also displays:

Total principal
Total interest payments
Total loan payments
Payoff date

Back to top

Calculating costs in addition to principal and interest

The calculator lets you fine-tune your payment by entering your annual property tax premium, annual home insurance premium, monthly homeowner association (HOA) fee, and monthly private mortgage insurance (PMI) premium.

To enter this information, click “Show Advanced Info” underneath the main loan details. Note that you'll enter the annual cost for property taxes and home insurance and the monthly cost for HOA fees and PMI premiums. The PMI field will only display if your down payment is less than 20%.

In the “Loan Estimate” window, select "Amortization Schedule" to uncover a table that shows how much you'll pay in principal and interest each month, as well as the remaining amount you owe ("Principal balance") after making the payment.

» MORE: What is mortgage amortization?

Explanation of terminology

Total monthly payment: An estimate of all your monthly housing costs, covering your loan principal, interest, taxes, insurance, and PMI.
Total principal: This is the amount you borrow. Each mortgage payment reduces the principal you owe.
Total interest payments: How much interest you would pay over the life of the loan.
Total loan payments: The entire amount of principal and interest paid, excluding taxes, insurance, and PMI.
Down payment: The portion of the home’s price you pay in cash upfront.
Interest rate: How much the lender charges you to lend you the money. Interest rates are expressed as an annual percentage. A lower interest rate gives you a smaller monthly payment.
Loan term (years): The number of years you have to repay the mortgage. A longer term gives you a lower monthly payment, but you’ll pay more interest.
Start date: The month that your first mortgage payment is due.
Payoff date: The month your home will be fully paid off based on the loan term.
Property taxes: The annual tax assessed by a government authority on your home and land. You pay about one-twelfth of your annual property tax bill with each mortgage payment, and the servicer saves them in an escrow account. When the taxes are due, the loan servicer pays them.
Homeowners insurance: Your policy covers damage and financial losses from fire, storms, theft, a tree falling on your house and other bad things. As with property taxes, you pay roughly one-twelfth of your annual homeowners insurance premium each month, and the servicer pays the bill when it's due.
Monthly HOA fees: The amount you may pay each month if you belong to a homeowners association. Typically, these dues are billed directly, not added to the monthly mortgage payment. Because HOA dues can be easy to forget when considering the cost of homeownership, NerdWallet's mortgage calculator allows you to enter them here.
Private mortgage insurance: If you get a conventional mortgage and put down less than 20%, you’ll have to pay a monthly PMI premium. It covers the lender if you default on the loan and can be canceled once you reach 20% equity. FHA loans require a similar fee called a mortgage insurance premium.