The FOCUS on NoVA Real Estate team goes through what your monthly costs would look like on a $275,000 mortgage and how much house that buys in the Shirlington area of Alexandria City, VA.
$275,000 Property Specs
Penthouse Condo | Pointe at Park Center, Alexandria
Built 1990 | Upgraded | $463 HOA
1 Bedroom
1 Bathroom
Total Square Footage: 826 sq. ft.
Estimated Monthly Mortgage
Assuming 4% Interest Rate on 30-year fixed mortgage utilizing the Freedom Mortgage Mortgage PITI calculator
20% Down Payment: $55,000
Taxes: $2,539 annually
Insurance: $300 (est.)
$1,287 monthly Principle Interest Taxes and Insurance (PITI)
10% Down Payment: $27,500
Taxes: $2,539 annually
Insurance: $300 (est.)
$1,579 monthly Principle Interest Taxes and Insurance (PITI)
5% Down Payment: $13,750
Taxes: $2,539 annually
Insurance: $300 (est.)
$1,735 monthly Principle Interest Taxes and Insurance (PITI)
3% Down Payment: $8,250
Taxes: $2,539 annually
Insurance: $300 (est.)
$1,833 monthly Principle Interest Taxes and Insurance (PITI)
