Mortgage on a $800K house in Virginia
$5,179 a month with 20% down — $4,305 principal and interest plus $474 property tax and $400 insurance.
Virginia's typical property tax is 0.71% of the home's value a year (U.S. average 0.9%), which adds $474 a month on a $800K home. The typical home in Virginia is worth $412,252, so $800K is 94% above the typical price.
$800K home in Virginia: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $160,000 | $640,000 | $4,305 | $0 | $874 | $5,179 | $222,000 |
| 10% down | $80,000 | $720,000 | $4,843 | $300 | $874 | $6,017 | $257,900 |
| 5% down | $40,000 | $760,000 | $5,113 | $317 | $874 | $6,303 | $270,100 |
| 3.5% down (FHA) | $28,000 | $785,510 | $5,284 | $354 | $874 | $6,512 | $279,100 |
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 $800K buy a typical home?
In these counties the typical home value is within 15% of $800K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Arlington County | $802,232 | 0.91% | $5,313 |
| Loudoun County | $792,206 | 0.85% | $5,272 |
| Fairfax City | $768,671 | 0.9% | $5,306 |
| Fairfax County | $756,212 | 1.01% | $5,376 |
131 of 133 Virginia counties tracked by Zillow have a typical home value at or below $800K. See all Virginia home prices.
Other prices in Virginia
Frequently asked questions
What is the mortgage on a $800K house in Virginia?
About $5,179 a month with 20% down at 7.11%: $4,305 principal and interest, $474 property tax and $400 insurance.
How much do I need to make to buy a $800K house in Virginia?
About $222,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $800K house in Virginia?
At Virginia's typical effective rate of 0.71%, about $5,685 a year. Rates vary by county and city — see the county pages.