The FOCUS on NoVA Real Estate team explores the monthly payment structures for a 10% and 20% down payment for a $1,399,000 home.

Estimated Monthly Mortgage Payments derived from the Day-1 Mortgage, Mortgage Calculator.

Assumptions:
– Taxes $12,495 annually
– Insurance $2,000 annually
– no HOA

20% Down Payment: $279,800 = $6,423 / month
10% Down Payment: $139,900 = $7,894 / month

REMEMBER: Check with your lender as Jumbo Loans (>$676,000) can be tricky and are have more restrictive requirements.

Contact the FOCUS on NoVA Real Estate team today for more information.