I notice you say “I like it” about your banjo rather than “I love it.” If it were a girlfriend, do you like her enough to spend $500 on her?
Not all banjos are that heavy. Many are much heavier. Nevertheless, piano players look at us with envy.
As a Beginner, here’s my expert advice: “Get the most banjo you can afford.”
You will get years of enjoyment from it, it will be able to handle your growth as a player and when you’ve reached the end of the line, the banjo may still have significant value, or at least significant playability for the next picker…provided you take care of it over the years.
Like you, I will never play professionally. Heck, I may never get the chance to even sit in on a jam session. But I love the sound of the banjo & play mine daily.
I was in your position awhile back. After much agonizing, I went ahead & bit the bullet & bought a Deering Sierra. While my old banjo was “decent,” the Sierra has become beloved.
As several have said, it’s a very personal decision & there is no “right” answer.
But it’s fun to go window shopping for a new banjo!