🏡 Virginia Home Loan Calculator
Calculate your monthly payment and closing costs with Virginia-specific rates and fees
Smart Virginia Home Buying Begins Here
Get accurate estimates including Virginia transfer taxes, closing costs, and monthly payments. See exactly what you'll pay each month and at closing - no surprises!
Your Loan Details
Important Disclaimer: Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing your loan.
Mortgage rates change daily. This calculator provides estimates based on current market conditions and typical fees.
The APR reflects the cost of your mortgage loan as a yearly rate including interest, points, and other fees.
*PMI Estimate Notice: For conventional loans with less than 20% down payment, the private mortgage insurance (PMI) shown is an estimate. Your actual PMI rate will be determined by your credit score, debt-to-income ratio, loan-to-value ratio, and the number of borrowers on the loan. Final PMI rates are set by the mortgage insurance company at the time of underwriting.
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What's Happening in the Northern, VA Housing Market?
Stay ahead of NOVA's changing real estate market with data-driven insights. I believe inventory levels are the #1 driver of housing market behavior—when you understand supply and demand, you can make smarter buying and selling decisions.
That's why I use Altos Research Reports as the foundation of my market analysis. Their real-time data tracks everything from price trends to days on market, giving you the clearest picture of what's actually happening in Northern Virginia neighborhoods.
Click the chart below to explore the full Altos dashboard for Fairfax, County and see detailed breakdowns of inventory trends, median list prices, market action, and price changes.
For weekly video analysis of these trends and what they mean for your next move, check out my YouTube Market Update Playlist, where I break down the numbers in plain English.
The bottom line: In today's market, guessing is expensive. Data-driven decisions save you time and money.
Virginia Home Loan Calculator FAQ's
This calculator was created by John Downs, a mortgage loan officer with over 25 years of experience closing loans throughout Washington, DC, Virginia, and Maryland. After helping thousands of homebuyers navigate DC's unique costs and programs, John built this tool to provide the accurate, local calculations that generic calculators miss.
Unlike generic mortgage calculators that only estimate payments and use rough guesses like 'closing costs equal 3% of sale price,' this Virginia mortgage calculator includes the Commonwealth's actual transfer tax formula, precise local title insurance rates, accurate Northern Virginia property tax estimates, and exact upfront and monthly PMI calculations when required. Most online calculators miss these critical details, but this one is dialed in perfectly to give you real cash-to-close numbers you can count on. No other online calculator provides this level of Virginia-specific accuracy.
An official loan estimate from our Virginia mortgage specialists provides mortgage rates and PMI (if applicable) tailored to your exact credit score, down payment, debt-to-income ratio, and property type. For specific properties, we pull the actual Virginia tax records to calculate your precise property tax payment - no estimates.
