A brand new modernized condo in Washington, D.C., hit the market recently for $620,000. This 2 bedroom, 2 bathroom unit spans over 1,100 square feet is full of charm and sunshine with an open floor plan, leading to a gourmet kitchen that overlooks the living room area. The 2 bedrooms are spacious and both include luxury, hotel-like bathrooms with marble finishes. The unit has hardwood floors and recess lighting for a cozy feeling throughout this 2017 property. The condo is located 3 blocks from the Petworth metro stop, so travel to and from work is easy and convenient.
Assuming a buyer puts down 5 percent on a conventional loan, their cash to close would be $48,538 and monthly mortgage payments would be approximately $2,536. For a more accurate picture of what the cash-to-close figures would be for you, including the seller’s net proceeds and such, visit the CLOSE IT! web version calculator here or download the CLOSE IT! iOS app to your smart phone or tablet.
Don’t forget to tell your agent that you want to close with Federal Title & Escrow Company because home buyers save up to $750 by ordering closing services online. Read further here about ways to save at closing.