Virginia Mortgage Calculator
Calculate your monthly mortgage payment for homes in Virginia, factoring in local property taxes, home insurance, and HOA fees.
Why calculating mortgage in Virginia is different
Virginia has a progressive income tax system.
State Income Tax
2% - 5.75%
Base Sales Tax
5.3%
State Min Wage
$12.00 / hr
Abbreviation
VA
Virginia Mortgage Interactive Tool
This calculator uses the latest 2026 data for Virginia, including the minimum wage of $12.00 and the specific state income tax rates (2% - 5.75%).
Frequently Asked Questions about Virginia Mortgage
How much are typical closing costs in Virginia?
Closing costs in Virginia typically range from 2% to 5% of the total loan amount. This includes state-specific mortgage recording taxes and title fees.
Should I buy a home in Virginia?
Buying a home in Virginia requires factoring in the local property tax rates and home insurance costs, which can vary drastically between different counties.