Chesapeake, VA mortgage calculator

Chesapeake
Mortgage
Calculator

Chesapeake is one of Hampton Roads' fastest-growing cities, with above-median household incomes and a mix of suburban and rural housing stock. The city's property tax rate sits between Virginia Beach and Norfolk.

1.05% county property tax
Real local rates
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$
Interest rate6.48%
Monthly payment
$2,440
P&I · Taxes · Insurance
Total interest
$391,379
Principal & Interest$1,943/mo
Property Tax (1.05%)$337/mo
Homeowners Insurance$160/mo

Recommended for incomes above $105k/yr (28% DTI rule)

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1.05%
Chesapeake area property tax rate
$385,000
Chesapeake median home price
$2,440
est. monthly payment at defaults

Chesapeake housing market

$385,000
Median home price
$85,000
Median household income
249,422
City population

The 1.05% property tax rate reflects the county-level effective rate for Chesapeake and is used to calculate your monthly tax escrow above. This rate may differ from the statewide Virginia average — county-level data produces more accurate monthly payment estimates for Chesapeake buyers. Many Chesapeake properties also carry HOA fees — the area average is approximately $150/month, which is not included in the calculator above.

Rate history

FAQ

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