Mortgage on a $450K house in Virginia
$2,913 a month with 20% down — $2,422 principal and interest plus $266 property tax and $225 insurance.
Virginia's typical property tax is 0.71% of the home's value a year (U.S. average 0.9%), which adds $266 a month on a $450K home. The typical home in Virginia is worth $412,252, so $450K is 9% above the typical price.
$450K home in Virginia: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $90,000 | $360,000 | $2,422 | $0 | $491 | $2,913 | $124,900 |
| 10% down | $45,000 | $405,000 | $2,724 | $169 | $491 | $3,385 | $145,100 |
| 5% down | $22,500 | $427,500 | $2,876 | $178 | $491 | $3,545 | $151,900 |
| 3.5% down (FHA) | $15,750 | $441,849 | $2,972 | $199 | $491 | $3,663 | $157,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.71% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Virginia does $450K buy a typical home?
In these counties the typical home value is within 15% of $450K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| New Kent County | $447,882 | 0.64% | $2,885 |
| Manassas Park City | $456,320 | 1.17% | $3,086 |
| Hanover County | $456,445 | 0.66% | $2,893 |
| Spotsylvania County | $456,909 | 0.58% | $2,864 |
| Poquoson City | $460,122 | 0.92% | $2,992 |
| York County | $463,575 | 0.64% | $2,889 |
| Fredericksburg City | $467,891 | 0.6% | $2,872 |
| Frederick County | $428,315 | 0.48% | $2,826 |
| Chesapeake City | $424,806 | 0.82% | $2,955 |
| Virginia Beach City | $424,664 | 0.8% | $2,947 |
| King George County | $476,101 | 0.53% | $2,844 |
| Madison County | $420,931 | 0.53% | $2,846 |
108 of 133 Virginia counties tracked by Zillow have a typical home value at or below $450K. See all Virginia home prices.
Other prices in Virginia
Frequently asked questions
What is the mortgage on a $450K house in Virginia?
About $2,913 a month with 20% down at 7.11%: $2,422 principal and interest, $266 property tax and $225 insurance.
How much do I need to make to buy a $450K house in Virginia?
About $124,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $450K house in Virginia?
At Virginia's typical effective rate of 0.71%, about $3,198 a year. Rates vary by county and city — see the county pages.