M
MortgageMath
Free mortgage calculators for every state

Mortgage Calculator &
Closing Costs: Virginia Beach, VA

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Virginia Beach, Virginia.

Median Home Price
$365K
Population
459K
Avg Monthly Rent
$1,520
Property Tax Rate
0.82%
Virginia Beach vs Virginia Median
The median home price in Virginia Beach is $365,000, which is 9% below the Virginia state median of $400,000.

Mortgage Calculator — Virginia Beach, VA

Pre-filled with Virginia Beach median home price and Virginia tax/insurance rates. Adjust for your property.

$
$73,000
%
%
years
VA avg
%
$
Monthly Payment (PITI)
$2,237
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$1,846
per month
Taxes & Insurance
$391
per month
Total Interest Paid
$372K
over 30 years
Total Loan Cost
$664K
all payments
Payment Breakdown
Loan Amount$292,000
Principal & Interest$1,846
Property Taxes$249
Homeowners Insurance$142
Total Monthly PITI$2,237

Closing Costs — Virginia Beach, VA

Estimated closing costs based on Virginia rates and fees applied to Virginia Beach prices.

$
%
Virginia: Avg closing costs 1.5% of price. Transfer tax: 0.25%.
Estimated Closing Costs
$11,598
3.2% of purchase price
Lender Fees
$3,053
origination, underwriting
Third-Party
$3,275
appraisal, title, inspection
Government Fees
$913
transfer taxes, recording
Prepaids + Escrow
$4,357
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$2,628
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$2,125
Recording Fee$150
Transfer Tax$913
Prepaid Taxes (3 mo)$748
Prepaid Insurance (12 mo)$1,700
Prepaid Interest (15 days)$878
Escrow Reserves$1,032
Total Closing Costs$11,598

Buying a Home in Virginia Beach, Virginia

The median home price in Virginia Beach is $365,000, 9% below the Virginia state median of $400,000. With a population of 459,470, Virginia Beach is a mid-size city where home prices tend to be more accessible than in many parts of Virginia.

Property taxes in Virginia average 0.82% annually. This moderate property tax rate means a $365,000 home in Virginia Beach would carry roughly $249/month in property taxes. Homeowners insurance in Virginia runs approximately $1,700 per year. This is within the normal range nationally.

Average rent in Virginia Beach is $1,520/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.

Virginia Beach presents moderate affordability. The $365K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.

Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Virginia Beach.
Rent vs Buy Calculator →
Explore all of Virginia: Virginia Mortgage Calculator & Closing Costs →

Related Guides

The First-Time Buyer Playbook
Free weekly guide: mortgage tips, market updates, and money-saving strategies. No spam.