Summary answer: On a $700,000 home in Leesburg with 10% down at today's rates (~6.65%), expect a total monthly payment of roughly $4,900–$5,200 including principal, interest, property taxes, insurance, and PMI. This is a realistic scenario for Leesburg, sitting just below the area's single-family median.
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The full breakdown
| Cost Component | Estimated Monthly Amount |
|---|---|
| Principal & interest (10% down, $630,000 loan, 6.65%) | ~$4,050 |
| Property tax ($700K home, $0.805/$100) | ~$470 |
| Homeowners insurance (estimate) | ~$150 |
| PMI (10% down, conventional) | ~$220–$260 |
| Total | ~$4,890–$4,930 |
Why Loudoun's low tax rate genuinely helps here
At $0.805/$100, your property tax component runs meaningfully lower than the same purchase would cost in Fairfax or Alexandria — a real, ongoing monthly savings tied directly to Loudoun's data center tax base.
How your down payment changes this
- 20% down — eliminates PMI, saving $220–$260/month, but requires $140,000 upfront
- VA loan, 0% down — no PMI regardless of down payment, but a higher loan amount
Get your exact number
Reach out once we've identified a target property and I'll run your real numbers.
For more Leesburg buyer and seller questions, visit our Leesburg real estate hub.