Mortgage Calculator
Estimating Your Northern Virginia Mortgage Payment
Use the calculator above to estimate your monthly principal and interest. To get closer to your true monthly cost in Northern Virginia, also budget for property taxes, homeowners insurance, any HOA or condo fees, and mortgage insurance if you put less than 20 percent down.
Ready for real numbers? Get pre-approved with a lender, then browse Northern Virginia homes for sale in your price range, read the Northern Virginia home buying guide, or contact Nikki Lagouros to start your search.
Mortgage Payment Questions
What does a monthly mortgage payment include?
Principal and interest, plus in most cases property taxes and homeowners insurance. Many Northern Virginia homes also have HOA or condo fees, and loans with less than 20 percent down often add mortgage insurance.
How are property taxes set in Northern Virginia?
Each county and city sets its own real estate tax rate, which is applied to the assessed value of the home. Check the current rate for the jurisdiction where you are buying.
What is PMI?
Private mortgage insurance is usually required on conventional loans when the down payment is less than 20 percent. It is added to your monthly payment until it can be removed.
Should I get pre-approved before I shop?
Yes. A pre-approval shows sellers you can buy and tells you your real budget. Nikki can recommend local lenders.