Cost check
The payment nobody shows you before you fall in love with a house.
Taxes are the quiet one in this valley — the same house costs hundreds a month less in Botetourt than in the City of Roanoke. Put in a price or a monthly number you're comfortable with and see the whole picture, including the down payment help you may qualify for. Serving the entire Roanoke Valley and beyond
What you'd pay each month
$2,177
on a $300,000 home in Roanoke County
- Principal & interest
- $1,707
- Property taxes
- $258
- Home insurance
- $100
- Mortgage insurance
- $113
Cash you need at the table
- No upfront lender fee is rolled into this loan.
- Private mortgage insurance of roughly 0.5% a year until you reach 20% equity — refinancing or rising values can remove it sooner.
- Taxes at $1.03 per $100 of assessed value. The assessor, not the seller, sets the value — and the rate changes every year.
Help you may qualify for
You may not need 20% down
Virginia Housing Down Payment Assistance Grant
2%–2.5% of the price, and you never pay it back
A true grant toward your down payment for first-time buyers using a Virginia Housing bond loan — 2% on a conventional loan, 2.5% on an FHA one. Household income limits apply, and it has to be paired with a Virginia Housing-approved lender.
TAP Down Payment Assistance
Up to 10% of the sales price, plus closing costs
A local non-profit programme for first-time buyers earning under the area income limits — roughly $48,800 for one person, $69,700 for a household of four. Their housing counselor walks you through it; seats in the free buyer class fill up.
Virginia DPA deferred loans
No payments or interest while you live there
Gap financing for first-time buyers within the area median income limits, handed out by regional non-profit providers as a deferred loan. Worth a call to your provider before you start shopping, because funding is allocated in rounds.
These programmes change and funding runs out. Confirm the terms before you build them into a plan.
A planning estimate, not a loan offer or an approval. Nothing you type leaves your device unless you email it yourself. Your lender quotes your rate and confirms every figure here.