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 Beach mortgage calculator
A median-priced Virginia Beach, VA home at 6.75% over 30 years, with Virginia property tax of 0.82% and $1,600 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$2,900 a month, all in
Principal and interest are $2,329; escrow and PMI add the rest. Over the full term the loan costs $479,382 in interest. Discounted at 5%, buying here has a net present value of $118,590 ($399,668 in today’s dollars).
Within Virginia, Virginia Beach is 4th of the 6 Virginia markets covered here, between Arlington at the top and Norfolk at the bottom of a 2.71x spread. A state-level median hides most of that.
Rents here are high relative to prices — a rent index of 1.05 against a price index of 0.95. That combination favours buying sooner, because the payment you avoid is larger relative to the price you pay.
Virginia Beach is cheaper than Virginia as a whole — $399,000 against a state median of $420,000, roughly 5% below. On a 20% deposit that is $4,200 less to find up front.
Monthly cost in Virginia Beach vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $399,000 |
|---|---|
| Down payment (10%) | $39,900 |
| Loan amount | $359,100 |
| Principal & interest | $2,329/mo |
| Property tax (0.82%) | $273/mo |
| Homeowners insurance | $133/mo |
| PMI while above 80% LTV | $165/mo |
| Total monthly payment | $2,900/mo |
| Comparable rent | $1,995/mo |
What a rate move does to the Virginia Beach payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $2,039/mo |
| 6% | $2,153/mo |
| 6.5% | $2,270/mo |
| 7% | $2,389/mo |
| 7.5% | $2,511/mo |
| 8% | $2,635/mo |
Rent or buy in Virginia Beach?
Against $1,995 a month in rent, over 7 years renting leaves you about $36,416 better off — $30,635 once 2.5% inflation is stripped out. See the Virginia rent-vs-buy page.
Where these numbers come from
Virginia medians come from editorial and are refreshed weekly. The Virginia Beach figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.