Close It!™ House of the Week: Alternative to condo living in Chevy Chase

Close It!™ House of the Week: Alternative to condo living in Chevy Chase
Close It™ is the free Web and iOS app that calculates cash to close for buyers and cash in pocket for sellers.
This week we're touring an interior row house in the Chevy Chase neighborhood, where it was reported earlier this week that the median home price there sits around $1 million. This property has two bedrooms plus one-and-a-half bathrooms. It's listed for $729,000.

There's a fireplace in the living room, a large coat closet in the foyer and a fenced in yard with a patio. In addition, this house comes with two off street parking spots. The location makes shops, restaurants and metro stops on Connecticut and Wisconsin avenues very accessible. 

Assuming a homebuyer puts down 20 percent on a conventional loan, her cash to close number will be approximately $167,351.02. Monthly payments will then be around $3,242.40 per month. For a complete picture of the cash to close, or for a run-down of the seller's side of the deal, plug the numbers into the Web version of Close It™ or download the free iOS app.

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