See the full monthly payment on a Virginia home: principal, interest, property tax, insurance, mortgage insurance and HOA. It updates as you type.
A sample rate for illustration. Use a rate you have been quoted for real numbers.
Virginia cities and counties set their own real estate tax rates, so a Northern Virginia county and a rural county can be far apart. Check your locality for the rate you will actually pay.
Estimated monthly payment
$0/mo
Estimate only. Your rate and payment depend on credit, loan program, property and market conditions. Tax and insurance figures are editable placeholders.
Many calculators stop at principal and interest. Taxes, insurance and mortgage insurance can add several hundred dollars a month, so this one counts them.
Use a rate you have been quoted. If you have not asked yet, try values above and below the sample to see how sensitive the payment is. Rates move often and depend on your credit and loan program.
Quotes are often principal and interest only. This number adds tax, insurance, mortgage insurance and HOA, which is closer to what leaves your account each month.
For a rough check, yes. Enter the current value as the home price and the equity you keep as the down payment. The refinance calculator on this site compares old and new payments directly.
Conventional lenders generally require it when you borrow more than 80% of the value. FHA charges its premium on most loans regardless of down payment.
Closing costs are paid once and are not in the monthly figure. The Virginia closing cost estimator on this site covers them.
Use the copy link button. The link holds your inputs, so anyone who opens it sees the same numbers.
Duane Buziak, NMLS #1110647. Licensed in VA, TN and GA. Brokered through Coast2Coast Mortgage, NMLS #376205. For illustration only. Not a loan offer, commitment or rate quote. Equal Housing Opportunity.