Mortgage on a $650K house in Virginia
$4,208 a month with 20% down — $3,498 principal and interest plus $385 property tax and $325 insurance.
Virginia's typical property tax is 0.71% of the home's value a year (U.S. average 0.9%), which adds $385 a month on a $650K home. The typical home in Virginia is worth $412,252, so $650K is 58% above the typical price.
$650K home in Virginia: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $130,000 | $520,000 | $3,498 | $0 | $710 | $4,208 | $180,300 |
| 10% down | $65,000 | $585,000 | $3,935 | $244 | $710 | $4,889 | $209,500 |
| 5% down | $32,500 | $617,500 | $4,154 | $257 | $710 | $5,121 | $219,500 |
| 3.5% down (FHA) | $22,750 | $638,227 | $4,293 | $287 | $710 | $5,291 | $226,700 |
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 $650K buy a typical home?
In these counties the typical home value is within 15% of $650K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Fauquier County | $645,183 | 0.75% | $4,231 |
| Alexandria City | $673,546 | 0.96% | $4,341 |
| Goochland County | $583,172 | 0.5% | $4,093 |
| Prince William County | $578,429 | 0.94% | $4,334 |
| Rappahannock County | $567,353 | 0.49% | $4,091 |
| Clarke County | $562,284 | 0.48% | $4,085 |
127 of 133 Virginia counties tracked by Zillow have a typical home value at or below $650K. See all Virginia home prices.
Other prices in Virginia
Frequently asked questions
What is the mortgage on a $650K house in Virginia?
About $4,208 a month with 20% down at 7.11%: $3,498 principal and interest, $385 property tax and $325 insurance.
How much do I need to make to buy a $650K house in Virginia?
About $180,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $650K house in Virginia?
At Virginia's typical effective rate of 0.71%, about $4,619 a year. Rates vary by county and city — see the county pages.