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The FOCUS on NoVA Real Estate team brings you a 2-bedroom, 1-bathroom condo just blocks from downtown Fairfax City, VA. Explore what down payments and monthly payments look like for this type of property in this location.

https://youtu.be/NCOl6wg_tho?rel=0

$250,000 Property Specs

Condo | Main Street Green Condominiums, Fairfax City
$527.60/monthly HOA fees (includes all utilities
2 Bedroom
1 Bathroom
Total Square Footage: 940 sq. ft.

Estimated Monthly Mortgage

Assuming 3.4% Interest Rate on 30-year fixed mortgage utilizing the Day 1 Mortgage PITI calculator

20% Down Payment: $50,000
Taxes: $2,243.52 annually
Insurance: $300 (est.)
$1,099 monthly Principle Interest Taxes and Insurance (PITI)

10% Down Payment: $25,000
Taxes: $2,243.52 annually
Insurance: $300 (est.)
$1,356 monthly Principle Interest Taxes and Insurance (PITI)

5% Down Payment: $12,500
Taxes: $2,243.52 annually
Insurance: $300 (est.)
$1,493 monthly Principle Interest Taxes and Insurance (PITI)

3% Down Payment: $7,500
Taxes: $2,243.52 annually
Insurance: $300 (est.)
$1,581 monthly Principle Interest Taxes and Insurance (PITI)

If you have any questions about Northern Virginia real estate, reach out as we are happy to help.