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Real Estate

Own These DC Homes For Less Than $2,000/Month


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Want to know the best way to Stop The Rent? Step 1 is to understand the real monthly and out-of-pocket cash costs to buy a home or condo in DC. Mortgage interest rates on conventional 30 year fixed rate mortgages are down around 3.9% this week from select banks for those with perfect credit putting 20% Down Payment into the loan. If you want to put less money down or $0 Down Payment into the loan, you’ll see a rate closer to or at around 5%.

Homes less than $2,000/month are down at the bottom of the page!

Interest rates this low, whether you’re putting down 20% or not, result in a very reasonable monthly mortgage payment. You’ll be locking down an interest rate on a 30 year fixed rate loan, so your mortgage payment will not be going up due to interest rates for as long as the mortgage is live.

If you keep your home purchase in DC to $265,000 or less, your monthly mortgage payment will most likely be under $2,000/month. On an FHA loan with 3.5% Down Payment, your $265,000 mortgage will result in a $1,931.28 monthly mortgage payment. That includes property taxes, homeowner’s insurance and property mortgage insurance (PMI). If you’re buying a home without a condo fee, then you’re looking at reasonably accurate housing budget.

This was a loose explanation of mortgage payment levels. To get a more accurate picture of the true monthly costs of buying a home, attend one of our Free Home Buyer Workshops held in DC & Maryland.

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Or, get help online. We are full-time real estate agents and happy to share guidance and advice to you by phone or in-person privately. We are great with financing – use our Pre-Loan Estimate system to get a real simulation of your purchasing power using local lending rates.

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$200,000 - 3Br/1Ba -  for Sale in Randle Heights, Washington

3287 15th Pl Se #201 Washington, DC 20020

Price $200,000
Beds 3
Baths 1
Living Area SqFt 1,000
Status Active
MLS # DC10039158
Property Type Garden 1-4 Floors
 
$200,000 - 1Br/1Ba -  for Sale in Congress Heights, Washington

3210 8th St Se #10 Washington, DC 20032

Price $200,000
Beds 1
Baths 1
Living Area SqFt 757
Status Active
MLS # DC10179463
Property Type Garden 1-4 Floors
 
$209,000 - 3Br/2Ba -  for Sale in Congress Heights, Washington

547 Foxhall Pl Se Washington, DC 20032

Price $209,000
Beds 3
Baths 2
Living Area SqFt 1,200
Status Active
MLS # DC10235662
Property Type Attach/row Hse
 
$209,900 - 2Br/1Ba -  for Sale in Petworth, Washington

240 Hamilton St Nw #3 Washington, DC 20011

Price $209,900
Beds 2
Baths 1
Living Area SqFt 570
Status Active
MLS # DC10271862
Property Type Garden 1-4 Floors
 
$209,900 - 2Br/2Ba -  for Sale in Barry Farm, Washington

2900 Pomeroy Rd Se #201 Washington, DC 20020

Price $209,900
Beds 2
Baths 2
Living Area SqFt 0
Status Active
MLS # DC9744636
Property Type Garden 1-4 Floors
 
$210,000 - 2Br/1Ba -  for Sale in Petworth, Washington

330 Delafield Pl Nw #3 Washington, DC 20011

Price $210,000
Beds 2
Baths 1
Living Area SqFt 600
Status Active
MLS # DC10249241
Property Type Garden 1-4 Floors
 
$215,000 - 1Br/1Ba -  for Sale in Rla (sw), Washington

1301 Delaware Ave Sw #n-419 Washington, DC 20024

Price $215,000
Beds 1
Baths 1
Living Area SqFt 620
Status Active
MLS # DC10200300
Property Type Mid-rise 5-8 Floors
 
$216,670 - 1Br/1Ba -  for Sale in Old City #2, Washington

1417 N St Nw #311 Washington, DC 20005

Price $216,670
Beds 1
Baths 1
Living Area SqFt 750
Status Active
MLS # DC10238299
Property Type Mid-rise 5-8 Floors
 
$225,000 - 3Br/3Ba -  for Sale in Congress Heights, Washington
New

1018 Barnaby Ter Se Washington, DC 20032

Price $225,000
Beds 3
Baths 3
Living Area SqFt 1,134
Status Active
MLS # DC10299136
Property Type Townhouse
 

Not ready to sit down with a real estate agent yet? We have free group Home Buyer Workshops twice a week, every week. Here’s the schedule:

 

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