Most people buying Fairfax VA homes for sale know about the down payment required for the purchase. However, there are some who are unaware of the additional closing costs involved, which can amount to as much as 3% to 4% of the sales price, making it a considerable expense.

In Part One, we showed that a standard 30 year mortgage of $200,000 at 6.5% amortized for Fairfax VA homes would mean paying $255,090 in interest, plus another $200,000 which is the original principal amount that you borrowed. In order to save thousands of dollars, you can actually pre-pay small Principal portions of your monthly mortgage payments each and every single month.