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Richmond Mortgage Calculator

Estimate your true cost of homeownership in Richmond with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$2,320
P&I Payment$1,687
Taxes & Ins$346
Utilities$287
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Mortgage Details

$321,409
Local Median: $321,409
$64,282 (20%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Monthly$2,320

Monthly Breakdown

Principal & Interest
$1,687
Property Taxes
$227
Homeowners Ins.
$119
Utilities
$287

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$350,346

Local Housing Facts for Richmond

  • ·Median home value: $321,409 (adjusted for current market conditions)
  • ·Est. property taxes: $2,725/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,430/yr — based on local per-$1K premium rates
  • ·Energy utilities: $3,439/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

How much are property taxes in Richmond?

Based on the local median home value, estimated real estate property taxes in Richmond are around $2,725 per year.

What is the average home price in Richmond?

The median home value in Richmond is currently estimated at $321,409.

How much does homeowners insurance cost in Richmond?

For a median priced home, homeowners insurance in Richmond averages around $1,430 annually.

What is the true total cost of owning a home in Richmond?

True homeownership costs go beyond principal and interest. In Richmond, a typical homeowner with a median-priced home of $321,409 can expect to pay roughly $2,725/yr in property taxes, $1,430/yr for homeowners insurance, and $3,439/yr in energy utilities. That adds approximately $633 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.