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Mortgage Calculator — Virginia Beach, VA
Median home price in Virginia Beach: $330,000. Monthly payment: $1,756/month (20% down, 7%, 30yr). Property tax rate: 0.82%.
= $66,000
Monthly Payment
$1,756
Loan Amount
$264,000
Total Interest
$368,303
Total Cost
$698,303
Payment Breakdown
Down Payment$66,000 (9.5%)
Principal$264,000 (37.8%)
Total Interest$368,303 (52.7%)
Virginia Beach Mortgage Payments by Rate
| Rate | 15-Year | 30-Year | Total Interest (30yr) |
|---|---|---|---|
| 5.5% | $2,157 | $1,499 | $275,627 |
| 6% | $2,228 | $1,583 | $305,813 |
| 6.5% | $2,300 | $1,669 | $336,717 |
| 6.75% | $2,336 | $1,712 | $352,428 |
| 7% | $2,373 | $1,756 | $368,303 |
| 7.25% | $2,410 | $1,801 | $384,340 |
| 7.5% | $2,447 | $1,846 | $400,533 |
| 8% | $2,523 | $1,937 | $433,370 |
Virginia Beach Property Tax & Total Housing Cost
Property Tax Rate
0.82%
$2,706/year
Monthly P&I
$1,756
20% down, 7%, 30yr
Est. Total Monthly
$1,982
P&I + property tax
Affordability in Virginia Beach
10% down ($33,000)$94,348/yr needed
15% down ($49,500)$89,643/yr needed
20% down ($66,000)$84,939/yr needed
25% down ($82,500)$80,234/yr needed
Based on 28% housing cost rule. Includes property tax.