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Closing Costs: Waynesboro, VA

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

Median Home Price
$235K
Population
23K
Avg Monthly Rent
$1,020
Property Tax Rate
0.82%
Waynesboro vs Virginia Median
The median home price in Waynesboro is $235,000, which is 41% below the Virginia state median of $400,000.

Mortgage Calculator — Waynesboro, VA

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

$
$47,000
%
%
years
VA avg
%
$
Monthly Payment (PITI)
$1,491
Principal + Interest + Tax + Insurance + PMI
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Principal & Interest
$1,188
per month
Taxes & Insurance
$303
per month
Total Interest Paid
$240K
over 30 years
Total Loan Cost
$428K
all payments
Payment Breakdown
Loan Amount$188,000
Principal & Interest$1,188
Property Taxes$161
Homeowners Insurance$142
Total Monthly PITI$1,491

Closing Costs — Waynesboro, VA

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

$
%
Virginia: Avg closing costs 1.5% of price. Transfer tax: 0.25%.
Estimated Closing Costs
$8,841
3.8% of purchase price
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Lender Fees
$2,117
origination, underwriting
Third-Party
$2,625
appraisal, title, inspection
Government Fees
$588
transfer taxes, recording
Prepaids + Escrow
$3,512
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$1,692
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,475
Recording Fee$150
Transfer Tax$588
Prepaid Taxes (3 mo)$482
Prepaid Insurance (12 mo)$1,700
Prepaid Interest (15 days)$565
Escrow Reserves$765
Total Closing Costs$8,841

Buying a Home in Waynesboro, Virginia

The median home price in Waynesboro is $235,000, 41% below the Virginia state median of $400,000. With a population of 22,630, Waynesboro is a smaller market 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 $235,000 home in Waynesboro would carry roughly $161/month in property taxes. Homeowners insurance in Virginia runs approximately $1,700 per year. This is within the normal range nationally.

Average rent in Waynesboro is $1,020/month. The price-to-rent ratio in Waynesboro is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.

Waynesboro offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Virginia's Virginia Housing DPA Grant program.

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