The FOCUS on NoVA Real Estate team goes through what your monthly costs would look like on a $710,000 mortgage and how much house that buys in the Fair Lakes area of Fairfax, VA.

$710,000 Property Specs

Detached | Brentwood, Fairfax
Built 1985 | Renovated | No HOA
5 Bedroom
3.5 Bathroom
Total Square Footage: 3,000+ sq. ft.

Estimated Monthly Mortgage

Assuming 4% Interest Rate on 30-year fixed mortgage utilizing the Freedom Mortgage Mortgage PITI calculator

20% Down Payment: $142,000
Taxes: $6,821  annually
Insurance: $1,200 (est.)
$3,380 monthly Principle Interest Taxes and Insurance (PITI)

10% Down Payment: $71,000
Taxes: $6,821  annually
Insurance: $1,200 (est.)
$4,134 monthly Principle Interest Taxes and Insurance (PITI)

5% Down Payment: $35,500
Taxes: $6,821  annually
Insurance: $1,200 (est.)
$4,536 monthly Principle Interest Taxes and Insurance (PITI)

3% Down Payment: $21,300
Taxes: $6,821  annually
Insurance: $1,200 (est.)
$4,790 monthly Principle Interest Taxes and Insurance (PITI)

If you have any questions about Northern Virginia Real Estate, contact us today!