The FOCUS on NoVA Real Estate Team explores what your monthly mortgage payment may be for a $625,000 property in Centreville, Virginia’s Newgate community.

$625,000 Property Specs

Single-Family Home | Newgate, Centreville
Built 1984 | Addition in 2007
4 Bedrooms
4.5 Bathrooms: 3 Full Bathrooms upper level, 1 Full Bathroom lower Level, 1/2 bath on main level
Total Taxabile Sqft: 2,415 and a 1/2 walk out basement
0.18 acre

Estimated Monthly Mortgage

Assuming 4% Interest Rate on 30-year fixed mortgage utilizing the George Mason Mortgage PITI calulator

20% Down Payment: $125,000
$2,388 monthly Principle & Interest (PI)
Taxes: $6,203 annually
Insurance: $1,200 (est.)
$3,004 monthly Principle Interest Taxes and Insurance (PITI)

10% Down Payment: $62,500
$2,686 monthly Principle & Interest (PI)
Taxes: $6,203 annually
Insurance: $1,200 (est.)
$3,303 monthly Principle Interest Taxes and Insurance (PITI)

5% Down Payment: $31,250
$2,835 monthly Principle & Interest (PI)
Taxes: $6,203 annually
Insurance: $1,200 (est.)
$3,452 monthly Principle Interest Taxes and Insurance (PITI)

3% Down Payment: $18,750
$2,895 monthly Principle & Interest (PI)
Taxes: $6,203 annually
Insurance: $1,200 (est.)
$3,512 monthly Principle Interest Taxes and Insurance (PITI)

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