Summary answer: On a $950,000 home in the City of Falls Church with 10% down at today's rates (~6.65%), expect a total monthly payment of roughly $6,700-$7,050 including principal, interest, property taxes, insurance, and PMI. This is a highly realistic scenario for Falls Church, sitting right around the city's own median.
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The full breakdown
| Cost Component | Estimated Monthly Amount |
|---|---|
| Principal & interest (10% down, $855,000 loan, 6.65%) | ~$5,500 |
| Property tax ($950K home, $1.18/$100) | ~$934 |
| Homeowners insurance | ~$200 |
| PMI (10% down) | ~$295-$350 |
| Total | ~$6,929-$6,984 |
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