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.