Mortgage on a $600K house in Virginia
$3,884 a month with 20% down — $3,229 principal and interest plus $355 property tax and $300 insurance.
Virginia's typical property tax is 0.71% of the home's value a year (U.S. average 0.9%), which adds $355 a month on a $600K home. The typical home in Virginia is worth $412,252, so $600K is 46% above the typical price.
$600K home in Virginia: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $120,000 | $480,000 | $3,229 | $0 | $655 | $3,884 | $166,500 |
| 10% down | $60,000 | $540,000 | $3,633 | $225 | $655 | $4,513 | $193,400 |
| 5% down | $30,000 | $570,000 | $3,834 | $238 | $655 | $4,727 | $202,600 |
| 3.5% down (FHA) | $21,000 | $589,133 | $3,963 | $265 | $655 | $4,884 | $209,300 |
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 $600K buy a typical home?
In these counties the typical home value is within 15% of $600K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Goochland County | $583,172 | 0.5% | $3,778 |
| Prince William County | $578,429 | 0.94% | $4,001 |
| Rappahannock County | $567,353 | 0.49% | $3,776 |
| Clarke County | $562,284 | 0.48% | $3,770 |
| Fauquier County | $645,183 | 0.75% | $3,905 |
| Albemarle County | $549,955 | 0.75% | $3,904 |
| Stafford County | $534,189 | 0.7% | $3,880 |
| Alexandria City | $673,546 | 0.96% | $4,007 |
126 of 133 Virginia counties tracked by Zillow have a typical home value at or below $600K. See all Virginia home prices.
Other prices in Virginia
Frequently asked questions
What is the mortgage on a $600K house in Virginia?
About $3,884 a month with 20% down at 7.11%: $3,229 principal and interest, $355 property tax and $300 insurance.
How much do I need to make to buy a $600K house in Virginia?
About $166,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $600K house in Virginia?
At Virginia's typical effective rate of 0.71%, about $4,264 a year. Rates vary by county and city — see the county pages.