The FOCUS on NoVA Real Estate team brings you a 3-bedroom, 3 full bathroom property on a 0.48 acre lot in Fairfax, just south of Fair Lakes. Explore what down payments and monthly payments look like for this type of property in this location.

4913 Pheasant Ridge Rd. Fairfax, VA 22030 – Listed at $700,000 May 7, 2020
– Built 1978
– 3 bedrooms, 3 bathrooms
– 2-car garage
– 3,250 total sqft
– Fully finished basement
– Gourmet kitchen
– Updated throughout
– 0.48 acre
– no HOA

Using the Day-1 Mortgage, mortgage calculator we assumed a 3.8% interest rate, a 30-year fixed rate mortgage. 2020 taxes are $6,885 annually and insurance estimated to be $1,500 annually.

20% Down payment of $140,000 has an estimated Principle Interest Taxes and Insurance (PITI) of $3,308 per month.

10% Down payment of $70,000 has an estimated PITI of $4,044 per month.

5% Down payment of $35,000 has an estimated PITI of $4,436 per month.

3% Down payment of $21,000 has an estimated PITI of $4,684 per month.

For more information about the northern Virginia real estate market and to learn more about the process of purchasing a property, contact the FOCUS on NoVA Real Estate team today.