Summary answer: On a $500,000 home in Manassas Park with 10% down at today's rates (~6.65%), expect a total monthly payment of roughly $3,660-$3,840 including principal, interest, property taxes, insurance, and PMI. This is a highly realistic scenario for Manassas Park, sitting right around the area's own median.
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The full breakdown
| Cost Component | Estimated Monthly Amount |
|---|---|
| Principal & interest (10% down, $450,000 loan, 6.65%) | ~$2,895 |
| Property tax ($500K home, $1.375/$100) | ~$573 |
| Homeowners insurance | ~$130 |
| PMI (10% down) | ~$155-$185 |
| Total | ~$3,753-$3,783 |
Why I'm calling out the tax line specifically
Manassas Park's tax rate is genuinely the highest among Virginia's independent cities, so it carries more weight in this payment than in most nearby communities — worth budgeting for honestly rather than being surprised at closing.
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