Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Virginia mortgage costs
What a typical Virginia (VA) purchase actually costs each month once property tax, insurance and PMI are included — and how to model your own numbers.
| Median home price | $420,000 |
|---|---|
| 10% down payment | $42,000 |
| Loan amount | $378,000 |
| Principal & interest (30yr @ 6.75%) | $2,452/mo |
| Property tax (0.82%) | $287/mo |
| Homeowners insurance | $133/mo |
| PMI (until 20% equity) | $158/mo |
| Estimated total monthly | $3,030/mo |
Illustrative only, at a 6.75% sample rate with 10% down. Your rate, tax assessment and insurance premium will differ.
What makes Virginia different
Northern Virginia prices behave like a separate market from the rest of the state — use local comparables, not the state median.
Insurance is comparatively mild: $1,600 a year is the 16th lowest in the country, or $133 a month against $287 of property tax.
Virginia is an expensive place to buy. The median $420,000 is the 16th highest in the country and $77,500 above the national median, putting a 20% deposit at roughly $84,000 before any closing costs.
At $420,000 to buy against $1,900 a month to rent, the price-to-rent ratio is 18.4 — the 18th highest in the country, close enough to the middle that the answer turns on your holding period and what a down payment would earn invested instead.
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