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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
$2,686
P&I Payment$2,185
Taxes & Ins$304
Utilities$197
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Mortgage Details

$432,026
Local Median: $432,026
$86,405 (20%)
%

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

Local Area Costs

Monthly$2,686

Monthly Breakdown

Principal & Interest
$2,185
Property Taxes
$227
Homeowners Ins.
$77
Utilities
$197

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$440,820

Local Housing Facts for Richmond

  • ·Median home value: $432,026 (adjusted for current market conditions)
  • ·Est. property taxes: $2,719/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $927/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,367/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 $2,719 per year.

What is the average home price in Richmond?

The median home value in Richmond is currently estimated at $432,026.

How much does homeowners insurance cost in Richmond?

For a median priced home, homeowners insurance in Richmond averages around $927 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 $432,026 can expect to pay roughly $2,719/yr in property taxes, $927/yr for homeowners insurance, and $2,367/yr in energy utilities. That adds approximately $501 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.