The FOCUS on NoVA Real Estate Team explores what your monthly mortgage payment may be for a $250,000 property in Fairfax City, VA.

$250,000 Property Specs

Fairfax City / Main Street Green Condominiums
2 bedrooms
1 baths
Total sq. ft: 940

Estimated Monthly Mortgage

Assuming 3.75% Interest Rate on 30-year fixed, $500 condo fee not included in pricing.

20% Down Payment: $50,000 down
$927 monthly PI
Taxes: $2,187 annually
Insurance: $300 (est.)
$1,133.48 monthly PITI

10% Down Payment: $25,000 down
$2,685.46 monthly PI
Taxes: $2,187 annually
Insurance: $300 (est.)
$1,249.26 monthly PITI

5% Down Payment: $12,500 down
$2,834.65 monthly PI
Taxes: $2,187 annually
Insurance: $300 (est.)
$1,307.15 monthly PITI

3% Down Payment: $7,500 down
$2,894.33 monthly PI
Taxes: $2,187 annually
Insurance: $300 (est.)
$1,330.31 monthly PITI

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