What You Get In Fairfax for $807,500

I am here with this month’s edition of What You Get For, a series where we take you through a property we recently sold and we break down the costs of owning a home in that price range.
Today we are looking at a single family home in the Ashfield community of Fairfax. This property is located in the Woodson High School pyramid and is a short distance to the restaurants and shops of Fairfax City. It is a 4 bedroom 3 bathroom home that sits on almost ½ an acre lot. The home has hardwood floors throughout the main level, an updated kitchen, recessed lighting and a large family room on the lower level.
The property sold for $807,500. Using the George Mason Mortgage Calculators and assuming an interest rate of 6.5% and annual taxes of $8,585 dollars - I calculated the different mortgage payment based on the amount of your down payment.
If you put 5% down your down payment would be $40,375 dollars and your monthly mortgage payment would be $5,975 payment
If you put 10% down your down payment would be $80,750 dollars and your monthly mortgage payment would be $5,559 payment
If you put 20% down your down payment would be $161,500 dollars and your monthly mortgage payment would be $4,903.
If you are looking to purchase a home in Fairfax or have questions about living in Fairfax feel free to get in touch. My name is Maura Stevens part of the FOCUS on NoVA Team.
Contact the FOCUS on NoVA Real Estate® Team today.
www.FOCUSonNoVA.com
Tracey Barrett, REALTOR® - FOCUS on NoVA - Century 21 Redwood Realty @FocusOnNOVA
Lynn Norusis, REALTOR® - FOCUS on NoVA - Century 21 Redwood @LynnNorusisFON
Maura Stevens, REALTOR® - FOCUS on NoVA - Century 21 Redwood Realty @mauraestevens
Doreen Gagne, REALTOR® - FOCUS on NoVA - Century 21 Redwood Realty
@DoreenGagne.Realtor
Latoria Logan, REALTOR® - FOCUS on NoVA - Century 21 Redwood @l.logan14